Chinese player Sohu
.com Inc (NASDAQ: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 would be at $60.00.
Chief Market Strategist