YY Inc - Chart Of The Day

The Chart of the Day belongs to YY Inc. (YY). I found the Chinese social communications stock by using Barchart to sort today's 52 Week High list first by the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 10/27 the stock gained 8.20%

YY Inc. is a communication social platform, which engages users in online group activities through voice, text, and video. The Company's Platform consists of YY Client, the YY.com, and Duowan.com web portals, Mobile YY and Web-based YY. YY Inc. is based in Guangzhou, the People's Republic of China.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can, therefore, change during the day as the market fluctuates. The indicator numbers shown below, therefore, may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

  • 162.15+ Weighted Alpha
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 2 new highs and up 12.57% in the last month
  • Relative Strength Index 70.47%
  • Technical support level at 87.27
  • Recently traded at 106.96 with a 50 day moving average of 87.26

Fundamental factors:

  • Market Cap $5.00 billion
  • P/E 17.09
  • Revenue expected to grow 34.30% this year and another 23.40% next year
  • Earnings estimated to increase 39.20% this year, an additional 1810% next year and continue to compound at an annual rate of 4.05% for the next 5 years
  • Wall Street analysts issued 6 strong buy, 8 buy and 5 hold recommendations on the stock

Disclosure: None.

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