Long Position on JD @ $33.75 on 5/5/2015 (Momentum)

JD.com, Inc. (JD) operates as an online direct sales company in the People's Republic of China.

It primarily offers electronics and home appliances products; and general merchandise products, including audio and video products, and books.

The company sells its products directly to customers through its Website jd.com and mobile applications.

It also provides an online marketplace for third-party sellers to sell products to customers through its Website and mobile applications; and services, such as online advertising, transaction processing, and Internet financing, as well as offers a suite of value-added fulfillment and other services for third-party sellers.

Shares have formed a bullish "cup and handle" ahead of the Company's earnings release on May 8th. We expect a strong report from the company. Estimates call for a profit of 3 cents per share.

52-Weeks Trading Range: $19.94 - $36.75

Entry Point: $33.75

Stop Loss: $32.05

Target Price: $37.20

Updates

6/5/2015 9:45:59 AM

JD closed at $34.32 after its 30 days expired.

Position closed on 6/5/2015 at price of $34.32 with a 1.69% gain in 31 days.

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