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YY Inc. (YY) operates an online social platform in the Peoples Republic of China.
The company engages users in real-time online group activities through voice, video, and text on personal computers and mobile devices; and enables users to create and organize groups of various sizes to discover and participate in a range of activities, including online games, music activities, education, live game broadcasting, and conference calls. Its principal product is YY Client, which enables users to engage in live interactions online; and provides access to user-created online social activities groups.
It 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 mobile application. In addition, the company operates YY.com, a community-driven portal site that offers visitors and users a centralized location to learn about, navigate, and access the offerings on companys platform; and Duowan.com, a game media Website that provides information on online games and other resources for users and online game players.
Further, the company operates 100 Education platform, which provides various exam preparation classes, such as Test of English as a Foreign Language (TOEFL) and International English Language Testing System (IELTS) preparation courses to students, as well as 100.com, a dedicated Web portal to its education platform.
Shares have formed a bullish "cup and handle" following its very strong quarterly report. Note the stock's 50-day moving average. Shares bounced off of this important indicator earlier this week. We expect the 50-day MA to be a strong support while shares are heading higher.
52-Week Trading Range: $15.52 - $90.93
Entry Point: $79.00
Stop Loss: $72.50
Target Price: $86.90
Please note that YY 's stop loss is at $73.00 which is about 7.5% below our entry point.
YY fell below our stop loss. Closed at $73.00
