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SouFun Holdings Rises on Technical Bounce

Shares of SouFun Holdings (NYSE: SFUN) rose 19 percent in Tuesday trading after the stock soared 7 percent Monday. The stock had been in a consolidation pattern since reaching a high in early January. After Monday’s breakout of the base, the stock continued higher Tuesday.

SouFun Holdings Limited operates a real estate Internet portal, and a home furnishing and improvement Website in the People’s Republic of China.

Disclosure: At the time of this writing, the author had no position in the company mentioned.

[stock-tools exchange="NYSE" symbol="SFUN" image_height="230" image_width="350"]

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