YOKU Makes Bullish Cross Above Critical Moving Average

In trading on Wednesday, shares of Youku Tudou Inc (YOKU) crossed above their 200 day moving average of $18.65, changing hands as high as $19.02 per share. Youku Tudou Inc shares are currently trading up about 6.4% on the day. The chart below shows the one year performance of YOKU shares, versus its 200 day moving average:

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Youku Tudou Inc 200 Day Moving Average Chart

Looking at the chart above, YOKU's low point in its 52 week range is $13.82 per share, with $25.58 as the 52 week high point — that compares with a last trade of $18.50.

According to the ETF Finder at ETF Channel, YOKU makes up 3.56% of the Social Media Index ETF ( SOCL) which is trading higher by about 1% on the day Wednesday.

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