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This stock was first featured in October 2012 at $24.
Qihoo 360 Technology Co. Ltd. (QIHU) provides Internet and mobile security products in the Peoples Republic of China.
Its core Internet security products include 360 Safe Guard, a solution for Internet security and system optimization; 360 Anti-Virus, an anti-virus application that uses multiple scan engines to protect users computers against various kinds of malware, as well as 360 Mobile Safe, a security program for the Google Android, Apple iOS, and Nokia Symbian smartphone operating systems.
The companys platform products comprise 360 Safe Browser and 360 Speed Browser, which are based on dual-core technologies providing secure browsing and blocking malicious Websites, indentifying them among search results, scanning files downloaded through the browser for security threats, as well as 360 Mobile Browser for the iOS and Android operating systems. The 360 browsers also consist of 360 Personal Start-up Page, which serves as users start-up page aggregating preferred Web services and applications; 360 Search, a search engine; and 360 Mobile Assistant, which allows users to browse, search, and obtain various mobile applications for mobile devices.
Qihoo 360 Technology Co. Ltd. also provides online advertising services, including online marketing services and search referral services; and Internet value-added services comprising the operation of Web games developed by third-parties, remote technical support, and cloud-based services.
Shares have formed a bullish "cup & handle" and are on the cusp of moving higher. We are now hearing rumors that when the company reports tomorrow after the close, it will post much better than expected earnings. The report should move shares higher out of this formation.
52-Week Trading Range: $27.76 - $118.00
Entry Point: $119.00
Stop Loss: $113.05
Target Price: $130.90
QIHU fell below our stop loss. Positon closed at $112.00
