Long Position on BZUN @ $50.00 on 7/1/2019 (Momentum)

Baozun Inc. (BZUN) provides e-commerce solutions for brand partners in the People's Republic of China.

It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, online store design and setup, visual merchandizing and marketing campaigns, store operations, customer services, warehousing, and order fulfillment.

The company also operates Maikefeng mobile application that offers various branded products.

It serves brand partners in the apparel, appliances, electronics, home and furnishings, food and health products, cosmetics, fast moving consumer goods, insurance, and automobile categories.

Shares are heading higher in a bullish cup and handle.  The formation is supported by the stock's 50-day moving average shown in brown.

52-Weeks Trading Range: $27.81 to $65.93

Entry Point: $50.00

Stop Loss: $47.50

Target Price: $55.00

Updates

10/24/2019 2:16:52 PM

BZUN closed at $42

Position closed on 10/24/2019 at price of $52.00 with a 4.00% gain in 115 days.

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