The following stocks were among the best performers for the week: LinkedIn Corporation, Netflix, Inc, NetEase.com, Inc, BT Group plc, and Best Buy Co. Inc.
Shares of LinkedIn Corporation (LNKD) had a total return gain of 9.32% for the week and are currently trading at $99.5. In the past year, the shares have traded as low as $55.98 and as high as $122.70. On average, 2650790 shares of LNKD exchange hands on a given day and today's volume is recorded at 2513223. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $83.39 area where the stock will likely see buying pressure.
Shares of Netflix, Inc (NFLX) had a total return gain of 9.3% for the week and are currently trading at $120.19. In the past year, the shares have traded as low as $62.37 and as high as $304.82. On average, 8385410 shares of NFLX exchange hands on a given day and today's volume is recorded at 5297160. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $152.10 represents resistance and the 50-day moving average of $112.31 would be an area of support.
Shares of NetEase.com, Inc (NTES) had a total return gain of 8.7% for the week and are currently trading at $59.71. In the past year, the shares have traded as low as $35.74 and as high as $59.26. On average, 593780 shares of NTES exchange hands on a given day and today's volume is recorded at 674262. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $50.20 area where the stock will likely see buying pressure.
Shares of BT Group plc (BT) had a total return gain of 8.31% for the week and are currently trading at $36.89. In the past year, the shares have traded as low as $24.65 and as high as $34.97. On average, 127340 shares of BT exchange hands on a given day and today's volume is recorded at 332756. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $33.41 area where the stock will likely see buying pressure.
Shares of Best Buy Co. Inc (BBY) had a total return gain of 7.8% for the week and are currently trading at $27.51. In the past year, the shares have traded as low as $21.64 and as high as $32.25. On average, 5365330 shares of BBY exchange hands on a given day and today's volume is recorded at 8407792. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $25.95 area.
