SouFun Holdings (SFUN) Showing Signs Of A Dead Cat Bounce Today

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified SouFun Holdings ( SFUN) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified SouFun Holdings as such a stock due to the following factors:

  • SFUN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $146.2 million.
  • SFUN has traded 131,405 shares today.
  • SFUN is up 4.8% today.
  • SFUN was down 6.3% yesterday.

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More details on SFUN:

SouFun Holdings Limited operates a real estate Internet portal, and home furnishing and improvement Websites in the People's Republic of China. The stock currently has a dividend yield of 3.9%. SFUN has a PE ratio of 4. Currently there are 2 analysts that rate SouFun Holdings a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for SouFun Holdings has been 11.4 million shares per day over the past 30 days. SouFun has a market cap of $4.0 billion and is part of the technology sector and internet industry. Shares are up 31.9% year-to-date as of the close of trading on Thursday.

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