Shares of Qihoo 360 Technology Co. Ltd. (QIHU) Sees Large Outflow of Money

Qihoo 360 Technology Co. Ltd. (QIHU) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($3.56 million) and the uptick to downtick ratio was 0.96. The transaction value on upticks was $95 million and on downticks, the transaction value was $98.55 million. In block trades, the transaction value of inflow done during uptick was $9.71 million. The transaction value of block trades during downticks was $12.02 million. The uptick to downtick block trade ratio was 0.81. The money flow was negative ($2.31 million), indicating the traders were booking profit on the price strength. Qihoo 360 Technology Co. Ltd. (QIHU) rose $3.14 at $76.69, during intraday Thursday , a rise of 4.27% over the previous days close.


The stock has recorded a 20-day Moving Average of 4.59% and the 50-Day Moving Average is 5.09%. Shares have rallied 14.37% from its 1 Year high price. On Apr 26, 2016, the shares registered one year high at $76.10 and the one year low was seen on Sep 14, 2015. The 50-Day Moving Average price is $73.56 and the 200 Day Moving Average price is recorded at $73.09.

Qihoo 360 Technology Co. Ltd. (NYSE:QIHU): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.57 and $76.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $76.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $76.69, notching a gain of 4.27% for the day. The total traded volume was 12,225,609 . The stock had closed at $73.55 on the previous day.

Qihoo 360 Technology Co. Ltd. is an Internet company. The Company is primarily engaged in the operations of Internet services in the Peoples Republic of China. The Companys core Internet and mobile security products include 360 Safe Guard, 360 Anti-virus and 360 Mobile Safe. The Company has developed various platform products to meet a range of security-related needs of Internet users and create access points to the Internet, which include 360 browsers; 360 Personal Start-up Page and its subpages; 360 Search, and 360 Mobile Assistant. The Companys services include online advertising, which include online advertising service solutions, such as sponsored links (advertising links), on its platform products; Internet value-added services, which include games developed by third parties to users, and Other services, which include enterprise information security products and related services, such as firewalls, gateways and Internet security monitoring systems to enterprise customers.

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