It is the longest winning stretch for China’s stocks, now in its sixth day, since May. The government’s intervention to encourage equities has certainly made a mark. Up 2.4% at close was the Shanghai Composite Index, putting it at 4,123.92, with leaders being financial and material production companies. There appear to be signs of stability. Here are three stocks to watch: Qunar Cayman Islands Ltd (NASDAQ:QUNR), 21Vianet Group Inc (NASDAQ:VNET), and Qihoo 360 Technology Co Ltd (NYSE:QIHU).
The Qunar Cayman Islands Ltd (NASDAQ:QUNR) was at a US trade close at $43.97, which is up 0.84 points or up 1.95% from its last close. For performance on a year-to-date scale, it is up 54.66% over the previous year. This particular stock has risen 1.29%, which makes its three-month performance at -10.81%. Looking at the performance of the stock over the past six months, it is up 48.85%. An analysis of volatility shows that 4.12% was seen in a week and the month was at 5.01%.
21Vianet Group Inc (NASDAQ:VNET) last closed out at $20.48, which was up 0.16 points or 0.79% from its close the day before. In terms of its 20-day average, that put it up 4.44%. At recent close, the stock moved up 9.74% from its 200-day average, with its low during those 200 days being at $20.24 per share. In comparison to its SMA 50, the stock trades at +3.06%. With a beta value at 0.96, the stock is riskier when looked at in comparison to shifts in the equity market. Over one week, its volatility is 2.40% and, for one month, is 4.33%.
Qihoo 360 Technology Co Ltd (NYSE:QIHU) traded at -0.48% during last session of trading. It closed at $65.38. Share price was recently traded at the range between $63.68 and $65.38. The market value at present time for the company is $8.34 billion. During last close, stock was above SMA 50 by 4.82% and was down -38.30% as compared to its 52-week high, which was at $104.81.
