Chinese provider of a mobile-based social networking platform is having a pocket pivot breakout. A number of Chinese names as we mentioned in a prior report have been outperforming. Buying on constructive weakness has been ideal in sideways markets, but with markets firmly in new high ground, should this uptrend continue, leading stocks may give less opportunity to buy on weakness. Pretax margin 23%, earnings and sales robust, group rank 11.
Pocket Pivot Review - MOMO 8-15-16
|Published:||15 Aug 2016 19:42 ET|
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