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The Technical Take: Vipshop Lower Despite Q3 EPS Beat

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Vipshop Holdings Ltd - ADR (NYSE: VIPS) shares are trading lower by $1.65 (11 percent) at $12.52 in Tuesday's session. Despite a Q3 beat of a penny and inline revenues, the issue is under selling pressure in today's session.

After a lower open, it attempted to reach the lower-end of Monday's range ($13.28), but came up shy by only reaching $13.03 before resuming its decline.

It has drifted lower, continuing to make news lows for the session, with the current one standing at $12.50. That low comes in just above a pair of lows from November 10 ($12.48) and November 11 ($12.38).

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