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YY Inc. (YY) operates an online social platform in the Peoples Republic of China.
It provides YY Client, a personal computer based user software that offers real-time access to user-created online social activities groups.
The company 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 smartphone application. In addition, it operates Duowan.com, a game media Website that provides information on online games and other resources for users and online game players. YY could be described as Facebook of China!
Shares have formed a short-based bullish "cup & handle" and higher share prices are expected for this stock!
52-Week Trading Range: $10.50 - $37.73
Entry Point: $33.90
Stop Loss: $32.25
Target Price: $37.35
YY exceeded our target price. The position was closed at $38.00. If you elect to stay in the position, raise your stop loss to $37.00 to protect your gains.
If you are still holding YY, first count your blessings, then raise your stop loss to $41.00. Stock last traded at $41.80.
