Long Position on CTRP @ $31.65 on 5/21/2013 (Momentum)

Flag on CTRPCtrip.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 have formed a bullish "flag" and higher prices are expected for this stock. 

52-Week Trading Range:  $12.36 - $32.01

Entry Point:  $31.65

Stop Loss:  $30.06

Target Price:  $34.80

 

Updates

6/17/2013 12:27:53 PM

CTRP is closed at $34.80 after it exceeded our target price. If you elect to stay in the position, please raise your stop loss to $33.50 to protect your gains.

Position closed on 6/17/2013 at price of $34.80 with a 9.95% gain in 27 days.

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