Both Chinese provider of internet security, browsers, and online games company QIHU and enterprise cloud company WDAY had buyable gap ups at their open as they both reported strong earnings and are coming through their respective 50-day and 200-day moving averages. After watching both closely, WDAY closed its gap but watch for a possible pocket pivot should it close up on sufficient pocket volume.
QIHU - Earnings and sales are skyrocketing, pretax margin 37.4%, ROE 37.3%, institutional sponsorship increased over the last 7 quarters.
WDAY - Sales have accelerated strongly over the last few quarters, institutional sponsorship increased over the last 7 quarters since the company went public.
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2021 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.