Long Position on YNDX @ $42.50 on 12/20/2019 (Momentum)

trendline support, $YNDXYandex N.V. (YNDX) operates an Internet search engine in Russia and internationally.

The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices.

It provides geolocation services, such as Yandex.Maps, Yandex.Navigator, Yandex.Auto, and Yandex.Routing; Yandex.Mail that provides access to email accounts; Yandex.Disk, a cloud-based storage service; Yandex.News, an online news aggregation service; Yandex.Weather hyperlocal weather information services; Yandex Browser for desktops and mobile platforms; and Yandex Search Apps. The company also provides Yandex.Direct, an auction-based advertising placement platform; Yandex Advertising Network service; Yandex.Radar, a market analytics tool; mobile advertising products; Yandex.Metrica, a web analytics system; Yandex.Market, an e-commerce gateway service; Yandex.Station, a smart speaker; Yandex.Phone, an assistant.

In addition, it offers Yandex.Taxi, a ride-sharing service; Auto.ru for used and new cars, commercial vehicles, and spare parts; Yandex.Realty, a real estate classifieds platform; Yandex.Jobs, a job search Website; and Yandex.Travel, a travel aggregator service. Further, it offers KinoPoisk, a Russian language Website for movies, TV series, celebrity content, and entertainment news; Yandex.Music, a music streaming service; Yandex.Afisha to buy tickets to cinemas, theaters, and concerts online; and Yandex.TV Program that provides up to date schedule of broadcast, cable and digital TV channels, as well as an option to view certain TV channels online.

Additionally, it offers Yandex Zen, a personal recommendation service; Yandex.Cloud that allows companies to host and develop apps and services, and store and manage data; and Yandex.Drive, a free-floating car-sharing service. 

Shares are heading higher in an upward trendline support. The company is scheduled to report its quarterly results on January 24th. On October 25th, Yandex reported 3rd Quarter September 2019 earnings of $0.32 per share on revenue of $698.8 million. The consensus earnings estimate was $0.35 per share on revenue of $642.3 million.  Revenue grew 40.7% on a year-over-year basis. Higher share prices are expected.

 

Entry Point: $42.50

Stop Loss: $40.40

Trading Range: $26.20 to $43.53

Target Price: $46.75

Updates

1/17/2020 10:00:50 AM

YNDX closed at $45.

Position closed on 1/17/2020 at price of $45.00 with a 5.88% gain in 28 days.

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