Though the shares of China-based e-commerce giant JD.com (JD) have cooled down since last month’s impressive surge towards its mid-April, two-year highs atop the $47 region on April 17, the equity is still outperforming the broader market handily. JD is up 52.1% year-over-year, and is trading back near its post-bull gap lows, up 3.6% at $43.71 today. What’s more, that recent pullback put JD right in line with a historically bullish trendline, that could keep the wind at the equity’s back. Specifically, JD just came within one standard deviation of its 80-day moving average after a lengthy period north of the trendline. In the last 10 days, 4.37 calls were picked up for every put at the International Securities Exchange (ISE), Cboe Exchange (CBOE), and NASDAQ OMX PHLX (PHLX).

Source: Forbes May 05, 2020 18:33 UTC