Ctrip.com International (CTRP) Is Today's Storm The Castle Stock


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Date | 19-01-2018 - 04:12 PM Article Type | Stock Markets Region | World

By The Street Wire

Trade-Ideas LLC identified Ctrip.com International (CTRP) as a "storm the castle" (crossing above the 200-day simple moving average on higher than normal relative volume) candidate

 

Trade-Ideas LLC identified Ctrip.com International ( CTRP) as a "storm the castle" (crossing above the 200-day simple moving average on higher than normal relative volume) candidate. In addition to specific proprietary factors, Trade-Ideas identified Ctrip.com International as such a stock due to the following factors: 

 

  • CTRP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $138.0 million.
  • CTRP has traded 2.0 million shares today.
  • CTRP is trading at 1.93 times the normal volume for the stock at this time of day.
  • CTRP crossed above its 200-day simple moving average.

'Storm the Castle' stocks are worth watching because trading stocks that begin to experience a breakout can lead to potentially massive profits. Once psychological and technical resistance barriers like the 200-day moving average are breached on higher than normal relative volume, the stock is then free to find new buyers and momentum traders who can ultimately push the stock significantly higher. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize on. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

 

Ctrip.com International, Ltd., together with its subsidiaries, provides travel service for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in the People's Republic of China. CTRP has a PE ratio of 4. Currently there are 8 analysts that rate Ctrip.com International a buy, no analysts rate it a sell, and none rate it a hold.



Author: Heng V. Mony
Source: thestreet.com
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