Long Position on YNDX @ $34.24 on 9/9/2013 (Momentum)

Bullish Cup & Handle on YNDXYandex N.V. (YNDX) operates an Internet search engine in Russia and internationally.

The company offers a range of search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices; and localized homepages for specific geographic markets. It provides Yandex.News, a news aggregation and information service; Yandex.Market, a price comparison service that provides product information, price comparisons, and consumer-generated reviews of products and online retailers; and other search services comprising search services for images, videos, music, theatres, televisions, weather, jobs, transportation, cars, and real estate.

The company also offers Yandex.Mail, an email service, which provides users access to their email accounts; Yandex.Maps and Yandex.Navigator maps, and location-based services; downloadable applications for mobile and digital platforms and devices; Yandex.Browser, a cloud-based browser; and Yandex.Disk, a cloud-based storage service that facilitates users to upload, store, and share files. In addition, the company provides text-based advertising and display advertising services, including Yandex.Direct, an auction-based advertising placement service; Yandex.Market, an e-commerce gateway service; and Yandex ad network service.  

Shares have formed a bullish "cup & handle" and higher prices are expected for this stock.

 

52-Week Trading Range: $19.93 - $35.24

Last Trade: $34.24

Stop Loss: $32.52

Target Price:  $37.66

Updates

9/20/2013 10:02:13 AM

YNDX closed at $37.70. If you elect to stay in the stock, raise your stop loss to $37.00 to protect your gains.

Position closed on 9/20/2013 at price of $37.70 with a 10.11% gain in 11 days.

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