Sunday, November 16, 2014

In the Zone

$BITA - Bitauto Holdings, Ltd.

Bitauto Holdings Limited provides Internet content and marketing services for the automotive industry primarily in the People’s Republic of China. The company operates in four segments: Advertising Business, EP Platform Business, Business, and Digital Marketing Solutions Business. 

The company also distributes its dealer customers' automobile pricing and promotional information through its partner Websites, including portals operated by Tencent, Netease, and Qihoo 360, as well as social networking Websites and Internet video Websites. In addition, it provides customer services and training to dealer customers. The company was founded in 2000 and is headquartered in Beijing, the People’s Republic of China.

During pre market trading on Friday before the opening bell the China-based provider of marketing services for the auto industry posted Q3 earning that were above analyst estimates. Sales rose 61% to $99 million. Operating earnings also surged 70% to 51 cites a share.

Please keep (BITA) Bitauto Holdings Limited on your watch list for a price move above $92.70 - $92.75 on heavier than average weekly trading volume of 6.98 million. 

At the close of trading on Friday (BITA) Bitauto Holdings Limited ended the week trading at $91.91 +$12.60 or +15.89% for the week on heavier than average trading volume of 7.19 million. Please note that this is not a buy recommendation please do your own due diligence or get help from a professional before trading.

By: Marlin Rolle

*** Please have a close look at the charts listed below ****