Long Position on YY @ $40.50 on 9/3/2013 (Momentum)

This stock was featured in July 2013.

YY Inc. (YY) operates an online social platform in the People’s Republic of China. It is the facebook of China!

It provides YY Client, a personal computer based user software that offers real-time access to user-created online social activities groups.

The company also offers Web-based YY that enables users to conduct real-time interactions on the Web without any downloads or installations; and Mobile YY, a smartphone application. In addition, it operates Duowan.com, a game media Website that provides information on online games and other resources for users and online game players.

Shares have formed a bullish "cup & handle" and are in the handle phase of the formation. Higher share prices are exected for this stock.

52-Week Trading Range:  $10.50 - $48.00

Entry Point:  $40.50

Stop Loss:  $38.40

Target Price:  $44.40

Updates

9/6/2013 9:33:53 AM

YY reached our target price of $44.50. If you elect to stay in the stock, raise your stop loss to $43.75 to protect your gains.

Position closed on 9/6/2013 at price of $44.50 with a 9.88% gain in 3 days.

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