In the Zone

YOKU - Youku.com, Inc.

Youku.com operates as a Chinese Internet video Website. It offers user-generated and professional video content in China and internationally. The company also provides Youku Index, an online video ranking to track the popular videos in real-time.

In addition, it offers Partnership Plan 3.0, a strategic map aimed at rationalizing and developing an online copyright market for China. The company enables Chinese Internet users to watch and share videos. Youku.com Inc was formerly known as 1Verge, Inc. and changed its name to Youku.com Inc in 2008. The company was founded in 2005 and is based in Beijing, China.

Yoku.com ended the week trading at $34.67 up $4.19 or 13.75% higher to the upside on lighter than average upside trading volume of 11.28 million. The average weekly trading volume for the company is 32.6 million. The stock broke through its $33.85 pivot point after moving up slightly higher for 7 of the past 8 trading days. The company is now poised to head higher to the upside in the next few weeks.

Downside support for the company is at $32.05 with upside resistance at $42.55. Please keep YOKU.com on your radar for a price move above the $42.55 area going forward as it continues to make higher highs and higher lows above $35.20. This is not a buy reccomendation for this company please do your own due diligence or get help from a professional before trading.

By: Marlin Rolle
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