Sohu.com (SOHU - Get Report) is a Chinese online media, search, gaming, community and mobile service group. The company operates matrices of Chinese language Web properties, and it operates multi-player online games and Web-based games in the People's Republic of China. This stock is trading up 5.4% at $41.99 in recent trading.
Today's Volume: 799,000Average Volume: 737,588 Volume % Change: 66% >>3 Internet Stocks Ready to Move Higher From a technical perspective, SOHU is ripping here right off its 50-day moving average of $39.33 with above average volume. This move is quickly pushing SOHU within range of triggering a near-term breakout trade. That trade will hit once SOHU clears some overhead resistance levels at $42.81 to $44.99 with high volume. Traders should now look for long-biased trades in SOHU as long as its trending above its 50-day, and then once it sustains a move or close above those breakout levels with volume that's near or above 737,588 shares. If that breakout triggers soon, then look for SOHU to re-test and possibly take out its 200-day moving average of $48.28 in the near future. 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.
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