ericblake1

Autohome looks poised for a nice move up.

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NYSE:ATHM   Autohome Inc.
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Nice month long cup with handle pattern. This was followed by a breakout with a retest and regenerate sequence that probably shook out many buyers on the initial breakout. Now the price is moving up with a big increase in volume suggesting institutional buyers. This potential move up is supported by big increases in EPS over the last several quarters.
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