A look at Ctrip.com International Ltd. — A Trip to All-Time Highs
Ctrip.com International Ltd. ($CTRP) averages are at $54.95 (21 day SMA), $52.17 (50 day SMA), $49.94 (200 day SMA). Over the past 52 weeks CTRP has traded from a low of $29.37 to a high of $61.09. CTRP was last at $60.05 on a volume of 1,701,480. Average daily volume has been at 2,858,818.
|
Ctrip (CTRP) is closoing in on the September 2013 highs, which would complete a “high base” of nearly 1-year in duration. Current support for the stock is down at around $50, which is where the 200-day moving average is sitting now. Technical traders may want to use a tighter stop and keep it around $54. If the stock falls that far, then the potential breakout is not happening and there’s no reason to be long until the stock does more work.
Ctrip.com International, Ltd., provides travel related services including hotel reservation, air-ticketing, packaged-tour services, as well as, to a much lesser extent, Internet-related advertising and other related services.
Articles