In the Zone

$VIPS – Vipshop Holdings, Ltd.

 

In the Zone this week is Vipshop Holdings, Ltd. in which trades on the New York Stock Exchange under stock symbol $VIPS.

 

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates through four segments, Vip.com, Shan Shan Outlets, Internet Finance, and Others. The company is the leading apparel retail website in China with over 31,000 domestic brands and is ranked as one of the top 10 most valued e-commerce companies in the country. 

 

The company has compounding growth of 28% year over year for the last 9 quarters. The company offers apparel, accessories, shoes, sporting goods, toys, appliances, furniture, consumer electronics, cosmetics, snacks, healthcare supplements, as well as internet finance services just to name a few.

 

If you have a look at a chart of the company you will see that the stock has been advancing from a price low of $14.86 in early October 2020 and has  continued it’s price advance since then. What I would like to see as we head into the New Year is a breakout in price above $29.44.

 

As the market came to a close in the holiday shortened week ahead of the new year, Vipshop closed to end the week trading at $28.11 up $1.80 or 6.84% on lighter than average trading volume of 23.34 million. The average trading volume for the stock is 35.72 million. The stock was up 10.06% for the month of December, and up 98.38% for the year. 

 

Going forward please set your price alerts and keep this stock on your watch list for a breakout in price above $29.44.

 

By Marlin Rolle

 

Please note that all the stocks listed are not buy recommendations; please do your own due diligence or get help from a professional before trading.