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Sohu.com (SOHU) Downgrade Alert, Watch for 3.5% Technical Downtrend Continuation

Oct 27, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: Sohu.com Inc. (SOHU)

Sohu.com (NASDAQ:SOHU) downgraded to Sector Perform at RBC Capital Markets. The stock closed yesterday at $59.92 on volume of 4,986,800 shares, above average daily volume of 900,165.

Sohu.com is currently below its 50-day moving average of $65.54 and should find support at its 200-day moving average of $55.92.

SmarTrend is bearish on shares of SOHU and our subscribers received a Downtrend alert on October 26, 2009 at $62.11, which has returned 3.5% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: Sohu.com Inc. (SOHU)


Related terms: market, nasdaq, securities

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