Is Selling JD.com, Inc. (JD) Here a Winning Strategy? The Stock Formed Bearish Wedge Down

December 7, 2017 - By reb123z

The stock of JD.com, Inc. (JD) formed a down wedge with $34.70 target or 9.00 % below today’s $38.13 share price. The 5 months wedge indicates high risk for the $54.30 billion company. If the $34.70 price target is reached, the company will be worth $4.89B less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 0.82% or $0.31 during the last trading session, reaching $38.13. About 11.46M shares traded. JD.com, Inc. (NASDAQ:JD) has risen 77.67% since December 8, 2016 and is uptrending. It has outperformed by 60.97% the S&P500.

JD.com, Inc. (NASDAQ:JD) Ratings Coverage

Among 21 analysts covering JD.com (NASDAQ:JD), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. JD.com had 41 analyst reports since August 4, 2015 according to SRatingsIntel. Wells Fargo initiated the shares of JD in report on Tuesday, September 26 with “Buy” rating. Credit Suisse downgraded JD.com, Inc. (NASDAQ:JD) on Tuesday, May 10 to “Neutral” rating. The stock of JD.com, Inc. (NASDAQ:JD) earned “Overweight” rating by JP Morgan on Monday, January 9. On Thursday, August 11 the stock rating was maintained by Bank of America with “Neutral”. The rating was initiated by Bernstein with “Underperform” on Wednesday, January 11. The rating was initiated by JP Morgan on Wednesday, August 31 with “Neutral”. The stock has “Market Perform” rating by Bernstein on Tuesday, May 9. The rating was maintained by JP Morgan with “Overweight” on Wednesday, November 15. The stock has “Buy” rating by KeyBanc Capital Markets on Thursday, October 19. As per Tuesday, August 11, the company rating was maintained by Macquarie Research.

More notable recent JD.com, Inc. (NASDAQ:JD) news were published by: Investorplace.com which released: “JD.Com Inc (ADR) Stock Should Be Bought on This Dip” on November 28, 2017, also Investorplace.com with their article: “JD.Com Inc(ADR) Stock Highlights the Advantages of Being No. 2” published on November 21, 2017, Investorplace.com published: “Why JD.Com Inc(ADR) Stock Deserves To Trade Above $45” on November 15, 2017. More interesting news about JD.com, Inc. (NASDAQ:JD) were released by: Investorplace.com and their article: “Why JD.Com Inc(ADR) Could Rally More Than 20%” published on November 14, 2017 as well as Investorplace.com‘s news article titled: “JD.Com Inc(ADR) Stock Is Red-Hot After Singles Day Success” with publication date: November 13, 2017.

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