Sohu.com Inc. (SOHU) crashes after a gap-down opening on high volumes

Sohu.com Inc. (NASDAQ: SOHU), a Chinese media company opened with a gap-down opening on very strong volumes, and contnued to edge lower, after its financials for Q3 fell short of the analysts' anticipations, and the company and guided fourth-quarter revenue below market expectations.

Sohu.com Inc. (SOHU) stock is currently ruling around $50.05, is a shade above its long term support level of $50 formed by its 200 days moving average.

SOHU stock is likely to test another support level of $49, from where it started moving upwards on higher volumes in April this year.