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JD.com, Inc. (JD)’s Stock Formed A Several Months Wedge Down Pattern

December 7, 2017 - By Migdalia James

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 11.46 million 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. The company was maintained on Monday, November 13 by KeyBanc Capital Markets. The firm has “Buy” rating given on Tuesday, September 26 by Wells Fargo. The company was maintained on Tuesday, August 22 by Jefferies. The firm has “Neutral” rating by JP Morgan given on Wednesday, August 31. The firm earned “Buy” rating on Thursday, August 11 by Nomura. The firm earned “Market Perform” rating on Tuesday, May 9 by Bernstein. Goldman Sachs initiated the stock with “Buy” rating in Friday, November 6 report. The stock of JD.com, Inc. (NASDAQ:JD) earned “Overweight” rating by JP Morgan on Monday, January 9. The rating was maintained by Cowen & Co on Wednesday, August 16 with “Hold”. Jefferies maintained the stock with “Buy” rating in Friday, June 16 report.

More notable recent JD.com, Inc. (NASDAQ:JD) news were published by: Investorplace.com which released: “JD.Com Inc Stock Isn’t the Unstoppable Force You Think It Is” on December 05, 2017, also Nasdaq.com with their article: “Earnings Reaction History: JD.COM INC-ADR, 36.4% Follow-Through Indicator, 4.7 …” published on November 13, 2017, Investorplace.com published: “JD.Com Inc Stock Surges on Q3 Revenue Beat” on November 13, 2017. More interesting news about JD.com, Inc. (NASDAQ:JD) were released by: Investorplace.com and their article: “JD.Com Inc(ADR) Stock Highlights the Advantages of Being No. 2” published on November 21, 2017 as well as Investorplace.com‘s news article titled: “Why You Should Buy JD.Com Inc(ADR) Stock Immediately!” with publication date: November 09, 2017.

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