WB: China’s Twitter ready to break out

Weibo  (WB) is a Chinese internet play that is up 174% year-to-date and 148% over last one-year period. Earnings have been on the ascent with three consecutive positive quarterly reports. The stock rallied 15.2% in the first half of November. Weibo is prone to big streaks as evidenced by a six-week streak ending in mid-May, which rose 48% and an eight-week streak of 37% ending in mid-September. WB broke above a double-bottom trigger at $105.60 on Nov. 8. Traders should get long WB on a pullback at $109.