NetEase (NTES) provides its Internet and wireless value-added applications, services and technologies and advertising services to Guangzhou NetEase and Guangyitong Advertising and they operate the NetEase Websites and the online advertising business. This stock is trading up 1.2% at $48.84 in recent trading.
Today's Volume: 546,000Average Volume: 764,830 Volume % Change: 50% From a technical perspective, NTES is moving modestly higher here with decent volume. This move follows a massive drop in this stock from last week that took shares down from $58.20 to its recent low of $47.51 with heavy volume. Traders should now look for long-biased trades if NTES takes out Friday's high of $49.38 with high volume. Look for a sustained move or close above $49.38 with volume that's near or above 764,830 shares. If we get that action today or soon, then look for NTES to possibly make a run at its 200-day moving average of $53.06. On the flipside, I would avoid NTES or look for short-biased trades if it fails to trigger that move, and then takes out its recent low of $47.51 with heavy volume. A high-volume move below $47.51 will setup NTES to re-test or take out its past support levels at $46.60 to $45. To see more stocks rising on unusual volume, check out the Stocks Rising On Unusual Volume portfolio on Stockpickr.-- Written by Roberto Pedone in Winderemere, Fla.
Twitter and become a fan on Facebook.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV