SOHU.com Nears Key Breakout Level

 | May 22, 2018 03:28PM ET

Shares of China company SOHU.com (NASDAQ:SOHU) are consolidating in a bullish manner just underneath a major breakout level. Should the stock trade through the $38.00 breakout point, SOHU will likely surge as high as $44.00-$45.00. The backing off of trade-war fears means Chinese ADRs are back in play for big money hedge funds. Just an added positive. Watch for the breakout and enjoy the swing trade.