Long Position on QIHU @ $96.75 on 7/3/2014 (Momentum)

Qihoo 360 Technology Co. Ltd. (QIHU) provides Internet and mobile security products and services in the People's 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 Windows smartphone operating systems.

The company’s 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.

Its 360 browsers also consist of 360 Personal Start-up Page, which serves as user’s 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.

The company also provides online advertising service; Internet value-added services; and online lottery purchase services, as well as serves as an agent for providing online distribution services and payment collections services.

Shares are heading higher in an upward trading channel. We expect higher prices for this stock.

52-Week Trading Range: $47.55 - $124.42

Entry Point: $96.75

Stop Loss: $91.90

Target Price: $106.42

Updates

7/8/2014 12:14:44 PM

QIHU fell below our stop loss. Closed at $87.45

Position closed on 7/8/2014 at price of $87.45 with a -9.61% loss in 5 days.

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