Earnings were great. Expected EPS was $0.85 but was actually $0.94. RSI is below 30; this stock is oversold. I think it will bounce off its 200 day ema.
ATHM has formed a cup with handle formation. The handle flagged down nicely and looks like it has complete. Using the measure rules you can project a price to around $126. If you are a Fib person you can project to $100 as the first profit target. I am not a Fibs expert, I do think it is a useful tool with projecting upward profit targets. This stock has done a...
I use IBD50 to identify promising stocks. This one is on the list and has been consolidating for several weeks. Broke out of consolidation range a bit this week and could be poised to run higher if the overall market cooperates.
Good report helped keep the price. Breakup pattern on growth gives us a point to buy. In general, in my opinion, Chinese companies, especially Internet services, have a rather large growth potential. One, however, is alarming. Chinese stock market does not particularly want to grow
+ broke-out today on very high volume + trend intensity is bullish + head and shoulder pattern formed - 5ema is far at the bottom of today's bar; retracement towards 5ema upon break-out is possible