Weibo (WB) Stock Is Friday’s ‘Chart of the Day’

Weibo (WB) stock has more than doubled since bottoming in February.
By Kaya Yurieff ,

NEW YORK (TheStreet) -- Shares of Weibo (WB) - Get Report are down 1.01% to $31.25 in early afternoon trading on Friday.

The social media platform is based in Beijing.

The microblog, which is similar to Twitter (TWTR), is expected to double its second quarter earnings per share to 10 cents and extend a six-quarter stretch of triple-digit growth, according to Investor's Business Daily.

TheStreet'sChris Versace and Bob Lang of Trifecta Stocks have identified Weibo as the "Chart of the Day." Here is what Versace and Lang had to say about the stock:

Quietly, we have seen Weibo sneak up and become a star tech performer, one of the best from China. This stock was a spinoff from Sina.com and has more than doubled since bottoming in early February.

The relative strength is very impressive, each modest pullback within the channel has been a great buying chance.

The breakout on Thursday was thrust on huge volume, which has been a sign of institutional sponsorship. We can see since the power move in early April the trend has been upward.

The breakout is a great sign here, and the moving average convergence divergence (MACD) is on a confirmed buy signal.

- Chris Versace and Bob Lang "Chart of the Day: Weibo" originally published on 7/8/16 on Trifecta Stocks.

Want more like this from Chris Versace and Bob Lang BEFORE your stock moves? Learn more about Trifecta Stocks now here.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.

The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth.

But the team also finds that the stock itself is trading at a premium valuation.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: WB

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