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

Qihoo 360 Technology Co. Ltd. (QIHU) : Thursdays money flow analysis of Qihoo 360 Technology Co. Ltd. (QIHU) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $24.2 million. In comparison, the inflow of money on upticks was a meager $20.75 million. The dollar value of composite uptick trades minus the downtick trades was negative $3.45 million. The uptick to downtick ratio of 0.86 in the money flow shows weakness. The uptick block trades were valued at $0.82 million. The downtick transaction value was high at $2.56 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.32. Hence, the net money flow in the stock was negative ($1.73 million). Qihoo 360 Technology Co. Ltd. (QIHU) gained $0.06 at $71.81, a change of 0.08% over the previous days close.


Qihoo 360 Technology Co. Ltd. (QIHU) : The highest level Qihoo 360 Technology Co. Ltd. (QIHU) is projected to reach is $77 for the short term and the lowest estimate is at $55. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $67.33 and the possibility the share price can swing is $11.24. The stock has recorded a 20-day Moving Average of 2.15% and the 50-Day Moving Average is 1.74%.

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 $72.40 and $71.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $72.00, notching a gain of 0.35% for the day. The total traded volume was 2,538,636 . The stock had closed at $71.75 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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