Long Position on CTRP @ $59.50 on 8/1/2017 (Momentum)

Ctrip.com International, Ltd. (CTRP) provides travel service for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in the People's Republic of China.

The company operates as an agent for hotel-related transactions; sells air tickets; and other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection and flight dynamics. I

t also provides independent leisure travelers bundled packaged-tour products comprising group tours, semi-group tours, and customized tours and packaged tours with various transportation arrangements, such as flights, cruises, and buses, as well as car rental services. In addition, the company offers integrated transportation and accommodation services; various value-added services, such as transportation at destinations and tickets, insurance, visa services, and tour guides; and supplier management and customer relationship management services.

Further, it provides travel data collection and analysis, industry benchmark, cost saving analysis, and travel management solutions; and Corporate Travel Management System, an online platform that integrates information maintenance, online booking and authorization, online enquiry, and travel report system.

Additionally, the company offers online advertising services; and sells Property Management System, as well as provides related maintenance services. Shares have formed a bullish "cup and handle" ahead of its quarterly report last week of August. The formation is supported by the stock's 50-day moving average.Higher share prices are expected for this stock.

52-Weeks Trading Range: $39.71 - $60.65

Entry Point: $59.50

Stop Loss: $56.50

Target Price: $65.45 

Updates

8/14/2017 3:04:12 PM

CTRP closed at $53.00

Position closed on 8/14/2017 at price of $59.00 with a -0.84% loss in 13 days.

Back to Portfolio