Today's Technical View on Groupon, Baidu, Youku, TripAdvisor, and ValueClick
LONDON, April 19, 2013 /PRNewswire/ --
The shift to mobile computing has emerged as one of the major trends in technology in the last two years. This trend is also having a significant impact on Internet information providers such as Groupon Inc. (NASDAQ: GRPN), Baidu.com Inc. (NASDAQ: BIDU), Youku Tudou Inc. (NYSE: YOKU), Tripadvisor Inc. (NASDAQ: TRIP), and ValueClick Inc. (NASDAQ: VLCK). With more and more users switching to mobile computing, the key for Internet information providers going forward will be to have a sound mobile strategy. Shares of Internet information providers ended on a mixed note on Thursday as the broad market struggled following the release of some mixed earnings reports and disappointing economic data. StockCall initiated free in-depth technical analysis on GRPN, BIDU, YOKU, TRIP, and VCLK which are currently available upon sign up at
http://www.stockcall.com/research
Shares of daily deals website Groupon Inc. tumbled in trading on Thursday. The stock fell to an intra-day low of $6.07 before finishing the day 4.23% lower at $6.12 on volume of 8.87 million. Despite the sharp decline yesterday, Groupon's shares have gained nearly 26% so far in 2013, outperforming the broad market. The stock, however, is still trading more than 59% below its 52-week high. The stock is still trading above its 50-day and 200-day moving averages. The stock's MACD, however, suggests that market sentiment has turned bearish. Sign up for the free technical analysis on GRPN at
http://www.StockCall.com/GRPN041913.pdf
Shares of Baidu.com Inc. also struggled yesterday. The stock fell to an intra-day low of $85.77 before finishing the day 2.42% lower at $86.47 on volume of 3.20 million. The company's shares are currently trading close to their 52-week low of $82.98. Year-to-date, the stock has fallen nearly 13.80%, compared to a gain of over 8% for the S&P 500. Shares of BIDU have also slipped below their 50-day moving average, which is a bearish signal. The stock's MACD is also trading below the zero-line, further confirming the negative trend. Download the free report on BIDU by registering at
http://www.StockCall.com/BIDU041913.pdf
Shares of Youku Tudou Inc. edged higher on Thursday even as the broad market struggled. The stock closed 0.94% higher at $17.11 on volume of 1.03 million after touching an intra-day high of $17.25. Youku's shares have gained more than 1.70% in the last three sessions. Despite the recent gains, the stock has fallen more than 6% so far in 2013. The stock is currently trading more than 33% below its 52-week high. Its 50-day moving average recently crossed below the 200-day moving average, forming a "death cross". This is a strong bearish signal. The free report on YOKU can be downloaded by signing up now at
http://www.StockCall.com/YOKU041913.pdf
Shares of TripAdvisor Inc. fell sharply yesterday. The stock closed 1.58% lower at $51.35 on volume of 1.21 million. Shares of TRIP traded between $50.95 and $52.45 on Thursday. The stock is currently trading close to its 52-week high of $54.14. Despite the yesterday's pullback, TripAdvisor's shares have gained 22.50% so far in 2013, outperforming the S&P 500. The stock is currently trading well above its 50-day and 200-day moving averages. Free report on TRIP can be accessed by registering at
http://www.StockCall.com/TRIP041913.pdf
Shares of ValueClick Inc. slipped yesterday, reversing some of the recent gains. The stock closed 0.81% lower at $28.80 on above average volume of 1.55 million. Despite the losses, ValueClick's shares have gained more than 3.80% in the last three trading sessions. Year-to-date, the stock has gained more than 48%, easily the outperforming the broad market. Despite the significant gains, the stock is still trading more than 7% below its 52-week high. The company's shares currently have strong support at around $28. Register with StockCall and download the research on VCLK for free at
http://www.StockCall.com/VCLK041913.pdf
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