Symmetrical triangle in shares of Youku Tudou (NYSE:YOKU)

by Josh Youku Tudou ($YOKU) breaking to the upside. Youku Tudou is up 6.15% at $21.88 on a volume of 2,066,670 shares. Shares are breaking out of the symmetrical triangle that has defined the price action year to date.

Volume has already surpassed the daily average with 2,066,670 shares having already traded here in the noon hour, putting Youku Tudou ($YOKU) on track to trade a double the average volume today.

52 Week Range $13.82-$25.24 Market Cap 3,556,348,530 Average Volume 1,778,561 Dividend Yield 0.00% Institutional Ownership 61.50% Insider Ownership: 0.00% Percentage of Float Short 5.40% Beta 3.09

Youku Tudou ($YOKU) shares are right above the 50 and 200 day moving averages.

Youku Tudou Youku Tudou Inc is an Internet television company in China. Its internet television platform enables consumers to search, view and share high-quality video content quickly and easily across multiple devices.

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