Tuesday, May 22, 2018

On Watch: SOHU.com $SOHU Nearing Key Breakout Level

Shares of China company SOHU.com (SOHU) are consolidating in a bullish manner just underneath a major breakout level. Should the stock trade through the $38.00 breakout point, SOHU will likely surge as high as $44.00-$45.00. The backing off of trade war fears means Chinese ADR's are back in play for big money hedge funds. Just an added positive. Watch for the breakout and enjoy the swing trade.




Gareth Soloway
InTheMoneyStocks