Price Action Don’t Lie: Does NetEase Inc (ADR) Have More Gas After Making All Time High?

Price Action Don't Lie: Does NetEase Inc (ADR) Have More Gas After Making All Time High?

The stock of NetEase Inc (ADR) (NASDAQ:NTES) reached all time high today, Oct, 7 and still has $358.46 target or 42.00% above today’s $252.44 share price. This indicates more upside for the $34.24 billion company. This technical setup was reported by If the $358.46 PT is reached, the company will be worth $14.38 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 674,880 shares traded hands. NetEase Inc (ADR) (NASDAQ:NTES) has risen 80.61% since March 4, 2016 and is uptrending. It has outperformed by 72.57% the S&P500.

NetEase Inc (ADR) (NASDAQ:NTES) Ratings Coverage

Out of 12 analysts covering NetEase (NASDAQ:NTES), 8 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 67% are positive. NetEase has been the topic of 18 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The company was initiated on Monday, July 18 by Brean Capital. The firm has “Hold” rating by Zacks given on Tuesday, August 25. The stock of NetEase Inc (ADR) (NASDAQ:NTES) earned “Hold” rating by Standpoint Research on Wednesday, August 26. The rating was upgraded by Vetr on Wednesday, August 12 to “Hold”. On Friday, January 22 the stock rating was initiated by Nomura with “Neutral”. The rating was downgraded by Credit Agricole to “Underperform” on Thursday, February 25. Credit Suisse initiated NetEase Inc (ADR) (NASDAQ:NTES) on Friday, August 19 with “Neutral” rating. The rating was initiated by Jefferies on Thursday, September 29 with “Hold”. The stock of NetEase Inc (ADR) (NASDAQ:NTES) earned “Overweight” rating by JP Morgan on Thursday, February 25. On Monday, September 21 the stock rating was maintained by Credit Suisse with “Outperform”.

According to Zacks Investment Research, “NetEase, Inc. is an Internet technology company engaged in the development of applications, services and other technologies for the Internet in China. It provides online gaming services that include in-house developed massively multi-player online role-playing games and licensed titles. NetEase also provides online advertising, community services, entertainment content, free e-mail services and micro-blogging services. The Company also offers wireless value-added services such as news and information content, matchmaking services, music and photos from the web that are sent over SMS, MMS, WAP, IVR and Color Ring-back Tone technologies. NetEase, Inc., formerly known as, Inc., is based in Beijing, the People’s Republic of China.”

More important recent NetEase Inc (ADR) (NASDAQ:NTES) news were published by: which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011, also published article titled: “/quotes/zigman/3870025/realtime”, published: “NetEase Proves It’s the One Chinese Stock Everyone Should Own” on August 18, 2016. More interesting news about NetEase Inc (ADR) (NASDAQ:NTES) was released by: and their article: “Why Vale SA (ADR) (VALE), NetEase Inc (ADR) (NTES) and HP Inc (HPQ) Are 3 of …” with publication date: February 25, 2016.

NTES Company Profile

NetEase, Inc. (NetEase), incorporated on July 6, 1999, is a technology company. The Firm operates an interactive online community in China and is a well-known provider of Chinese language content and services through its online games, Internet media, e-mail, e-commerce and other businesses. The Firm operates through three divisions: Online Game Services; Advertising Services, and E-mail, E-commerce and Others. The Firm is engaged in the development of applications, services and other technologies for the Internet in China.

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