How Analysts Feel About JD.com, Inc. (JD) After Forming Wedge Down Pattern?

December 7, 2017 - By Adrian Erickson

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. Credit Suisse downgraded the shares of JD in report on Tuesday, May 10 to “Neutral” rating. HSBC initiated it with “Buy” rating and $37 target in Tuesday, November 10 report. The company was maintained on Tuesday, November 14 by Nomura. JP Morgan upgraded the shares of JD in report on Monday, January 9 to “Overweight” rating. The stock of JD.com, Inc. (NASDAQ:JD) has “Buy” rating given on Wednesday, August 23 by M Partners. Goldman Sachs initiated the stock with “Buy” rating in Friday, November 6 report. The firm earned “Neutral” rating on Wednesday, August 31 by JP Morgan. On Friday, October 14 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of JD.com, Inc. (NASDAQ:JD) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, November 14. The firm earned “Buy” rating on Tuesday, August 4 by TH Capital.

More notable recent JD.com, Inc. (NASDAQ:JD) news were published by: Investorplace.com which released: “JD.Com Inc(ADR) Stock Is Red-Hot After Singles Day Success” on November 13, 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: “JD.Com Inc Stock Isn’t the Unstoppable Force You Think It Is” published on December 05, 2017 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: JD.COM INC-ADR, 36.4% Follow-Through Indicator, 4.7 …” with publication date: November 13, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.