On a relative basis, the stock has outperformed the S&P 500 by 12.48% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.3% in the last 1 week, and is up 14.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 31.26% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $193.44 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $173.54 and the 200 Day Moving Average price is recorded at $155.51.
The stock has recorded a 20-day Moving Average of 7.09% and the 50-Day Moving Average is 13.07%.
NetEase (NASDAQ:NTES): On Fridays trading session , Opening price of the stock was $189.16 with an intraday high of $189.63. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $182.86. However, the stock managed to close at $185.13, a loss of 1.76% for the day. On the previous day, the stock had closed at $188.44. The total traded volume of the day was 1,494,588 shares.
NetEase, Inc. (NetEase) is a holding company. The Company, through its subsidiaries and contracts with its affiliates Guangzhou NetEase Computer System Co., Ltd., Beijing Guangyitong Advertising Co., Ltd., Shanghai EaseNet Network Technology Co., Ltd., and certain other affiliated companies, operates an interactive online community in China and is a provider of Chinese language content and services through its online games, Internet portal, e-mail, e-commerce and other businesses. The Company operates in three segments: Online Game Services, Advertising Services, and E-mail, E-commerce and Others. The Company conducts its business mainly in China.