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Stock Market & Financial Investment News

News Breaks
February 7, 2013
10:19 EDTNTESNetEase.com gaps up after earnings beat, levels to watch
The shares are up over 7.2% at time of writing after the company turned in earnings last night that beat consensus by 19 cents per share. At the current price of $49.03, next resistance is at $49.71. Support is at $48.10, a prior pivot high. There is also a bullish, inverted, head and shoulders active on the daily chart, with upside to the $53 area possible if the pattern completes. A move below the 10-day average would void the pattern, which was last at $46.88.
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