AutoHome (NYSE:ATHM) is the Chinese version of Autotrader, an online portal for car sales and buyer information. Though a Chinese company, AutoHome is backed by Telstra, a Australian telecom and media conglom. Telstra bought 55% of Autohome's parent company in 2008 for just $76 million in an effort to get in on China's rise. Today, the Australian company owns 66.2%, a stake worth over $2.4 billion at current prices.
AutoHome reports earnings next week. The chart below shows a range-breakout forming. A strong close over $39 would put the pattern target of $50 into play, or a return of about 40% above today's price.
Disclosure: I am long ATHM.