"Yandex Remains In Buy Range From Breakout
RESEARCH TABLE REVIEW
BY DONALD H. GOLD INVESTOR'S BUSINESS DAILY
Sector Leaders show that not all buy opportunities are alike. Some are attractive, inviting entries; others seem to involve more risk.
YandexYNDX , the dominating name in Russian Internet search engines, rose 0.22 to 24.93 in above-average volume.
Yandex broke out of a cup-with-handle base on Jan. 25 and is 4% above the 23.99 buy point.
Yet the Dec. 14 week showed a nasty volume surge as the stock fell 7% — a blemish on the chart.
But the stock broke out in heavy trade and subsequent gains have come in above-average volume several times.
That indicates institutional investors are buying shares.
The stock’s strong Accumulation-Distribution Rating adds to that impression.
Yandex has put up two straight quarters of accelerating EPS gains, from 25% in Q1 of 2012 to 36% to 62%.
The consensus for Q4, which will be reported Feb. 19, is for a 40% gain.
Sales in the past four quarterly reports climbed 29% to 49%. The consensus estimate is for a 41% rise in the Q4 report.
SodaStream InternationalSODA , the Israel-based make-your-own-soda-at-home company, fell 0.74to 49.95.
SodaStream pushed out from its 50.08 three-weeks-tight buy point Dec. 17.
A late-January high-volume sell-off brought the stock 8% below that entry — triggering a sell signal for investors who bought at that level.
It was also enough of a fall to nearly touch the rising 10-week moving average.
So was that decline a sell signal or a buying opportunity?
SodaStream showed much volume on the decline, which made buying on the rebound risky.
But the stock has since resumed its uptrend, although its 2% drop Monday put it back below the three-weeks-tight entry.
When SodaStream reports its Q4 on Feb. 20, analysts expects a 19% rise in earnings. That would be its weakest gain since the fourth quarter of 2011.
The stock was on Monday’s IBD 50."