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Sohu.com Pounding Reveals Buy Level

Published 10/28/2013, 03:51 PM

Chinese player Sohu.com Inc. (SOHU) is taking a pounding, today, on a weaker sales outlook. The stock is trading at $68.43, -12.99 (-15.95%). As the stock takes a beating, a level emerges that may just be a great long opportunity. This happens to be at the lows from August 2013 and also coincides with the daily 200 moving average. I have this level on alert in case the stock continues to fall in the next few days.

The buy price? $60.
Sohu.com
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com

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