Can Jumei International Holding Limited (JMEI)’s Tomorrow be Different? The Stock Formed a Descending Triangle

May 18, 2018 - By Adrian Erickson

The stock of Jumei International Holding Limited (JMEI) formed a descending triangle with $2.71 target or 9.00 % above today’s $2.49 share price. The 5 months triangle pattern indicates low risk for the $373.68M company. If the $2.71 price target is reached, the company will be worth $33.63 million more.
The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. The average rise and decline is 47% and 16%. The throwback or so called pullback rates are: 37% and 54%. The stocks meeting their targets is high for this type of breakout: 84% and 54% percent.

The stock decreased 0.40% or $0.01 during the last trading session, reaching $2.49. About 669,316 shares traded. Jumei International Holding Limited (NYSE:JMEI) has declined 23.18% since May 18, 2017 and is downtrending. It has underperformed by 34.73% the S&P500.

Another recent and important Jumei International Holding Limited (NYSE:JMEI) news was published by Globenewswire.com which published an article titled: “Jumei Announces Share Repurchase Plan” on April 30, 2018.

Jumei International Holding Limited operates as an online retailer of beauty products in the PeopleÂ’s Republic of China. The company has market cap of $373.68 million. The firm offers beauty products, such as cosmetics, skin care, cosmetic applicators, fragrance, and body care products; and beauty products for men, and baby and children. It has a 22.84 P/E ratio. It also provides apparel and other lifestyle products, including womenÂ’s wear, footwear, lingerie, handbags and luggage, menÂ’s wear, sportswear and sporting goods, accessories, home goods, and other lifestyle products, as well as baby, children, and maternity products; and snacks and health supplements.

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