Ctrip.com International, Ltd.
Symbol - CTRP
Current Market Price - $48.65
Recommendation Date - February 3, 2008.
Why buy?
Fundamental - The Company is a consolidator of hotel accommodations and air tickets in China. China is hosting the olympics this year and CTRP is well positioned to benefit from it. I expect the stock to touch $100 levels in a year's time.
Technical - The stock has bottomed out at $40 and now the trend in this counter has reversed. The stock is likely to consolidate around $53-$55 levels for the next 4-5 days before it breaks $55 and sets a new high above $64.
Disclaimer - Stock market recommendations are based on fundamental and technical analysis of stocks and no profit can be guaranteed. Investors are advised to make their own investment decisions with the information provided. Any investments, trades, and/or speculations made based on the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk.
No comments:
Post a Comment