Long Position on CTRP @ $55.01 on 10/11/2013 (Momentum)

Ctrip.com International (CTRP) provides travel service for hotel accommodations, airline tickets, packaged tours, and corporate travel management in the People’s Republic of China.

It also offers independent leisure travelers bundled packaged-tour products, including group tours, semi-group tours, and private tours or packaged tours with various transportation arrangements, such as cruise, bus, or self-driving. In addition, the company provides integrated transportation and accommodation services; various value-added services consisting of car rental, insurance, Visa services, tour guides, transportation at destinations, and tickets; and supplier management and customer relationship management services.

Further, it offers Internet-related advertising, aviation casualty insurance, and air-ticket delivery services; and sells Property Management System, a hotel information software, as well as provides related maintenance services.

Shares are in the process of forming a bullish "cup & handle". Higher share prices are expected for this stock.

52-Week Trading Range: $16.90 - $61.09

Entry Point: $55.01

Stop Loss: $52.25

Target Price: $60.51

Updates

10/21/2013 9:49:54 AM

CTRP reached our target price. If you elect to stay in the stock, raise your stop loss to $59.50 to protect your gains.

Position closed on 10/21/2013 at price of $60.60 with a 10.16% gain in 10 days.

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