NEW YORK (TheStreet) -- Shares of YY (YY) - Get Report  were rising in early-afternoon trading on Thursday. 

Recently, the Chinese video game streaming company reported better-than-expected 2016 second quarter earnings. 

YY earned $1 per share, surpassing analysts' expectations of 71 cents per share. Revenue rose 45.9% year-over-year to $298 million, above analysts projected $242 million. 

The company's monthly active users on the YY platform increased by approximately 16% to 141.9 million users.

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

Since bottoming in the low $30s around Brexit vote day, we have seen the stock of social platform YY make higher highs and higher lows, some tremendous momentum into the 200-day moving average.

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That may be resistance, but this time around may be different from the rejection in mid-August. The candle on Aug. 31 was positive, as the stock was strong all day long, even as the market was weak.

Resistance is at $60, where the stock gapped lower and started a massive decline. Moving average convergence divergence (MACD) is on a "buy" signal. A move toward $60 is a nice move higher of nearly 20%.

- Chris Versace and Bob Lang "Chart of the Day: YY" originally published on 9/1/16 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 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. TheStreet Ratings has this to say about the recommendation:

The team rates YY as a Hold with a ratings score of C+. The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, the team finds that the stock has had a generally disappointing performance in the past year.

You can view the full analysis from the report here:

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