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Downgrade Alert for Youku.com (YOKU)Feb 05, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Youku.com (NYSE:YOKU) was downgraded from Hold to Sell at Maxim today. The stock closed yesterday at $21.59 on volume of 2.8 million shares, above average daily volume of 2.1 million. Over the past year, Youku.com has traded in a range of $13.82 to $32.75 and closed yesterday at $21.59, 56% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.7%. Youku.com Inc. is an Internet television company. The Company's Internet television platform enables consumers to search, view and share video content quickly and easily across multiple devices in the People's Republic of China. There is potential upside of 20.5% for shares of Youku.com based on a current price of $21.59 and an average consensus analyst price target of $26.01. The stock should find initial support at its 200-day moving average (MA) of $19.87 and further support at its 50-day MA of $19.12. SmarTrend recommended that subscribers consider buying shares of Youku.com on December 18th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.52. Since that recommendation, shares of Youku.com have risen 16.6%. We continue to monitor YOKU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |