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.
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