Barchart.com's Chart of the Day - Pindoudou
Related Stocks
 PDD - Pinduoduo Inc ADR
SymLastChgPct
PDD32.86+0.92+2.88%

The Barchart Chart of the Day belongs to the E-Commerce company Pindoudou (PDD). I found the stock by sorting Barchart's New All-Time High list first by the most frequent number of new highs in the last month, then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 7/24 the stock gained 67.13%

Pinduoduo Inc. provides an e-commerce platform allowing users to participate in group buying deals, primarily through Tencent's Wechat app. Pinduoduo Inc. is based in Shanghai, China.

PDD

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

  • 88% technical buy signals
  • 84.40+ Weighted Alpha
  • 83.05% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 59.29% in the last month
  • Relative Strength Index 83.29%
  • Technical support level at 34.50
  • Recently traded at 34.98 with a 50 day moving average of 24.12

Fundamental factors:

  • Market Cap $68.63 billion
  • Revenue expected to grow 118.00% this year and another 60.90% next year
  • Earnings estimated to increase 41.80% this year and an additional 253.80% next year
  • Wall Street analysts issued 7 strong buy, 1 buy and 1 sell recommendation on the stock
  • 10,498 investors are monitoring the stock on Seeking Alpha