QIHU: IPO April 2011. Chinese operator of software distribution websites and services developer, and anti-virus software. Trades several million shares per day. Active enough options chain. You might call the action since December an inverse head and shoulders pattern. Earnings were in Feb. If it were to pullback to the 20-ish area - testing that 200 day moving average - it might be worth a try. Pretty extended right now.
Friday, March 9, 2012
Friday morning
QIHU: IPO April 2011. Chinese operator of software distribution websites and services developer, and anti-virus software. Trades several million shares per day. Active enough options chain. You might call the action since December an inverse head and shoulders pattern. Earnings were in Feb. If it were to pullback to the 20-ish area - testing that 200 day moving average - it might be worth a try. Pretty extended right now.