Market Overview

JD.com Higher After Q3 Beat And Raise

Share:
Related JD
Morgan Stanley: Why The Reported Amazon, Walmart Talks With India's Flipkart Make Sense
Is Alibaba The Cheapest Chinese Internet Stock Right Now?
Tencent, JD.com invest in Leshi smart TVs (Seeking Alpha)

JD.Com Inc(ADR) (NYSE: JD) shares are trading higher by $2.00 (5.3 percent) at $41.96 in Monday's session.

The catalyst for the rally is a Q3 EPS beat of 13 cents along with a slight beat for revenues. The company raised Q4 sales guidance to $16.11 billion-$16.57 billion vs. $16.26 billion estimates.

See Also: How To Play Singles Day

After a higher open, JD continued in that direction until it peaked at $42.77 and reversed course. That high coincides with its September 28 high ($42.68). It came off that level quickly, but found support just ahead of the top of Friday's range ($40.40), only reaching $40.85.

At this time, it's attempting to remain in the $42.00 handle.

Posted-In: Earnings News Technicals Intraday Update Movers Trading Ideas

 

Related Articles (JD)

View Comments and Join the Discussion!