JD.com (JD) Stock is the ‘Chart of the Day’
NEW YORK (TheStreet) -- JD.com (JD) - Get Report stock is declining by 4.24% to $27.56 in early afternoon trading on Friday, ahead of the company's 2015 third quarter financial report, which is scheduled to be released before the market open on Monday.
Last year, the ecommerce company reported earnings of 4 cents per ADS on $4.73 billion in revenue for the 2014 third quarter.
Yesterday, JD.com reported record numbers for its November 11 Singles Day sale.
Order numbers increased 130% year-over-year during the one day sale as the company received more orders than the last five Single Days combined.
TheStreet's Chris Versace and Bob Lang have identified JD.com as the "Chart of the Day." Here's what they had to say about the company:
China stocks have been doing much better after the carnage over the summer, and there are several standouts. Among them is JD.com, which has made a series of higher highs and higher lows on the chart on very strong turnover.
The stock price is above many of the short-term moving averages, and above the $30 area potentially carries it to the recent highs in the mid-$30s. The relative strength is moderate and recent market weakness has not had much of an impact. Earnings are out next week.
Chris Versace and Bob Lang's "Chart of the Day: JD" was originally published on 11/13/15 on Trifecta Stocks.
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