3 Chinese Internet Stocks Make Moves After Earnings By Scalper1 | March 17, 2016 0 Comment Scalper1 News alt : http://feedproxy.google.com/~r/InternetTechnologyRss/~5/SEltVXssok8/Tech_031716_China_QUNR_CTRP_TCEHY_BABA_BIDU_sd.mp4http://feedproxy.google.com/~r/InternetTechnologyRss/~5/SEltVXssok8/Tech_031716_China_QUNR_CTRP_TCEHY_BABA_BIDU_sd.mp4 Loading the player… Let’s take a look at five Chinese tech stocks that are showing compelling chart action: Ctrip, Qunar, Tencent, Alibaba and Baidu. Chinese online travel agency Ctrip ( CTRP ) reported fourth-quarter revenue that jumped 50% in local currency to beat views. Packaged tour revenue growth was lighter than expected. The company’s first-quarter revenue guidance widely missed expectations. Shares dropped as low as 39.52 in heavy volume, breaching its 50-day and 200-day lines in intraday trade. But as the stock pares its losses to a 0.5% drop to 42.42, it’s looking to find support at those levels. Ctrip is trading about 26% below its high reached last November. Ctrip owns a 45% stake in Qunar ( QUNR ), dubbed the “Kayak.com of China.” Qunar’s fourth-quarter results surpassed expectations late Wednesday. The company did not issue Q1 guidance. Shares seesawed Thursday, quickly reversing higher in the morning before paring their gains to a 1.6% rise. The stock is trading below its 50-day and 200-day lines. Those lines recently crossed, which is a bearish sign. Qunar is 35% below its late-December peak. Tencent’s ( TCEHY ) 45% quarterly revenue increase beat top-line estimates Thursday morning, boosted by strong growth in online games and social network services. The bottom line rose 21% in local currency but fell short as Tencent continues to aggressively invest in video and mobile. Shares surged 4% in light volume, hitting a nearly 4-month high. The stock is now trading 8% below its high of 22.15 reached last April, as it works on the right side of a consolidation pattern. Tencent’s rival Alibaba ( BABA ) is also consolidating. Alibaba, up 0.9% in afternoon trade, is trading 14% below a potential buy point at 86.52. Baidu ( BIDU ), a third Chinese Internet giant, will soon test autonomous cars in the U.S. – potentially rivaling Alphabet ( GOOGL )-owned Google. Baidu wants to introduce a commercial car model by 2018. Shares are working on a deep cup base with a 218.07 buy point. The stock is trading 18% below that level, edging higher Thursday afternoon. Scalper1 News Scalper1 News Related posts: 3 Big-Name Chinese Tech Stocks Rebound Ahead Of Earnings Reports 4 Top China Tech Stocks Rally Amid Bargain Hunting Big Stock Moves For Techs With Earnings Reports This Week Netflix Retakes Key Level; Apple On Biggest Win Streak Since Sept.