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Youku.com Up on Heavy Volume in Possible Trend Reversal (YOKU)
[December 18, 2012]

Youku.com Up on Heavy Volume in Possible Trend Reversal (YOKU)

Dec 18, 2012 (SmarTrend(R) News Watch via COMTEX) -- Youku.com's stock is up 6.1% to $17.98 on heavy trading volume. Today's volume of 2.6 million shares tops the average 30-day volume of 2.3 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that its subscribers protect gains by selling shares of Youku.com on November 14th, 2012 by issuing a Downtrend alert when the shares were trading at $18.16. Since that call, shares of Youku.com have fallen 6.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Youku.com has traded in a range of $13.82 to $32.75 and is now at $17.83, 29% above that low. The 200-day and 50-day moving averages have moved 0.99% lower and 1.59% lower over the past week, respectively.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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