JD.com, Inc. (JD)’s Stock Is Sell After Forming Bearish Wedge Down

December 7, 2017 - By Ellis Scott

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. As per Tuesday, September 20, the company rating was downgraded by M Partners. The rating was initiated by Goldman Sachs on Friday, November 6 with “Buy”. As per Thursday, August 11, the company rating was maintained by Bank of America. Macquarie Research maintained the shares of JD in report on Tuesday, August 11 with “Outperform” rating. M Partners upgraded the shares of JD in report on Wednesday, August 23 to “Buy” rating. The stock has “Buy” rating by KeyBanc Capital Markets on Thursday, October 19. The firm has “Buy” rating given on Thursday, August 11 by Nomura. The stock of JD.com, Inc. (NASDAQ:JD) has “Neutral” rating given on Wednesday, August 31 by JP Morgan. The firm has “Buy” rating given on Tuesday, August 4 by TH Capital. The company was initiated on Tuesday, December 15 by M Partners.

More notable recent JD.com, Inc. (NASDAQ:JD) news were published by: Investorplace.com which released: “Why JD.Com Inc(ADR) Could Rally More Than 20%” on November 14, 2017, also Investorplace.com with their article: “JD.Com Inc Stock Isn’t the Unstoppable Force You Think It Is” published on December 05, 2017, Investorplace.com published: “JD.Com Inc (ADR) Stock Should Be Bought on This Dip” on November 28, 2017. More interesting news about JD.com, Inc. (NASDAQ:JD) were released by: Investorplace.com and their article: “Why You Should Buy JD.Com Inc(ADR) Stock Immediately!” published on November 09, 2017 as well as Investorplace.com‘s news article titled: “Stay Patient and Stay the Course With JD.Com Inc(ADR) Stock” with publication date: November 30, 2017.

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