Ctrip's most recent trend suggests a bearish bias. One trading opportunity on Ctrip is a Bear Call Spread using a strike $56.50 short call and a strike $61.50 long call offers a potential 19.05% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $56.50 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock rose above the $61.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Ctrip is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Ctrip is bearish.
The RSI indicator is at 21.31 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Ctrip
Priceline Group Inc Confirms Investment In Ctrip.com International, Ltd.
Tue, 30 Sep 2014 12:38:15 GMT
Political Stress Weighs On Hong Kong, Brazil Markets
Mon, 29 Sep 2014 22:32:00 GMT
Rebound Efforts Fade For Stocks; Synchronoss Clears Resistance
Mon, 29 Sep 2014 17:32:00 GMT
Ctrip To Purchase Certain Premises In Sky SOHO
Sun, 28 Sep 2014 23:30:00 GMT
PR Newswire – SHANGHAI, Sept. 28, 2014 /PRNewswire/ — Ctrip.com International, Ltd. (CTRP), a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China (“Ctrip” or the “Company”), today announced that the Company, through Ctrip Travel Network Technology (Shanghai) Co., Ltd., one of its PRC wholly owned subsidiaries, and other affiliates of the Company, entered into a pre-sale framework agreement with SOHO (Shanghai) Investment Co., Ltd., pursuant to which the Company agreed to purchase certain premises with an aggregate sellable gross floor area (“GFA”) of 100,167 square meters and certain auxiliary facilities in Sky SOHO for a total consideration of approximately RMB3.05 billion (US$497 million). The Company plans to use the existing cash balance to fund the purchase and does not expect this purchase to have material adverse impact on its income statement.
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