timwest
Long

Light In The Box - LITB - base formation - China direct retailer

BATS:LITB   LIGHTINTHEBOX HLDG CO LTD
448 6 5
The monthly ranges are highlighted and show the liquidation that has been occurring in LITB shares.

The price seems to have found a base and sales disappointments have been dealt with and shares seem to be back in strong hands.

Relatively speaking, the LITB has done well against the price of stocks in China and against retail in general here in the US.

This is not a well known name, but the chart and the website might intrigue you. I am aware of one happy shopper who recommends shopping at the website for great bargains. See for yourself. I have browsed but not purchased yet.

Tim Jan 30, 2014 11:24AM EST 9.89 last, +0.45
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Today's sharp drop in LITB is a big test of the $8 support level - from the lowest monthly range back in December. It's a very thin stock and the website offers amazing deals. This stock merely followed the path of Amazon, then Groupon, and has taken it on the chin here.
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This stock has done very well, coming out of the gates with a big lead over the S&P since the correction.
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timwest PRO QuantitativeExhaustion
I wish I had come back to this chart to point out the Amazon and Groupon "misses" that could hurt this LITB stock. Oh well, have you seen the website yet?
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Mention be Jim Cramer last week.
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Beautiful pattern in itself....then when you factor in the extremely high probability of a Gap Fill it gets even better...
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timwest PRO ChrisMoody
Thanks Chris
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