As domestic benchmarks grab all the headlines with the crossing of the 20,000 threshold on the Dow, one would be smart to look elsewhere for opportunities. That is not to say I do not remain bullish in the US, but sometimes it pays to look for under followed names. Below is a past and present view of YNDX, the first chart and how it appeared in our Wednesday 1/18 Game Plan (the trigger was MISSED by pennies). It does a bulk of its business in Russia and looking at the RSX one would see how it just perked above a bull flag formation Friday above 22, and it now has a measured move to 26.
Stocks that can be bought as they pullback toward recent cup with handle breakouts are YNDX. YNDX is a Russian internet play higher by 9% YTD and 79% over last one year period. It has registered five consecutive positive earnings reactions to show best in breed status, higher by 5.1, 2.9, 7.2, 4.8 and 6.7% on 10/27, 7/28, 4/28, 2/16 and 10/27/15. The stock has advanced 4 of the last 5 weeks with good volume trends and nice relative strength up 8.5% last week. YNDX recorded an excellent break above cup with handle trigger of 21.42 on 1/5 up 7% in best daily trade in 2 months. Enter on pullback at 21.60. Notice how round numbers played a role with 20 recently switching between support and resistance and a strong move since week ending 8/28/15 off the round 10 figure.