Tuesday, December 04, 2007

SOHU raises Q4 revs guidance above consensus



About a week ago I posted about reverse divergence and I used SOHU as an example because I actually bought that stock on that particular day. Since then the stock has been moving higher and the company just announced after hours that it is raising it's fourth quarter guidance.

After hours the stock is up about 2 dollars trading at 62.00. It would be nice if the stock can break out to a new year high which is at 63.53..We'll see what happens.

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