NEW BEARISH Plays

Qiwi Plc - QIWI - close: 31.40 change: -0.81

Stop Loss: 32.05
Target(s): 22.50
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 10, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 619 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
QIWI is in the financial sector. They are a Russian company that operates an online payments system with 127,000 kiosks and 42,000 terminals across multiple countries.

The company's latest earnings report in March was bearish. QIWI missed both the top line and bottom line estimates and guided lower. Now the company is facing a new challenge as Western nations put sanctions on Russia following its invasion and annexation of Crimea. These sanctions could hurt QIWI's business.

The stock is poised to breakdown under key support near the $30.00 level. I am suggesting a trigger to open bearish positions at $29.85. If triggered we will aim for $22.50. More conservative investors may want to aim for the $26-25 zone since $25.00 could be potential support.

Keep in mind that as a foreign company their stock could gap open (up or down) each morning as U.S. shares adjust to trading overseas. Therefore I am suggesting small positions to limit our risk. Or instead of shorting QIWI stock consider limiting your risk with put options.

Trigger @ 29.85 *small positions*

Suggested Position: short QIWI stock @ (trigger)

- (or for more adventurous traders, try this option) -

Buy the MAY $30 PUT (QIWI1417Q30) current ask $2.45

Annotated chart: