SOHU has moved below its 200-day moving average and is currently finding support at its 50-day moving average, each at 78.97 and 76.50, respectively. The stock was creamed on earnings with volume very heavy three days ago, We would look at this as shortable here as a late-stage failed-based set-up using the high of today at 82.56, or the 200-dma at 78.97 as guides for possible upside stops.
SSS - SOHU Potential Late-Stage Failure
|Published:||3 Aug 2011 14:32 ET|
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