JD Pops On Earnings

$JD

JD 0.00%↑ is up early on in a weak session following its earnings release. The 52 week high is $47.82, and the stock looks poised to get there, and possibly more. Weekly chart above shows a break above the 200 period moving average. We saw this jostling in 2019 before JD 0.00%↑ broke out, and given the backdrop of stronger equity performance abroad that we’re seeing early this year, it’s possible this could be the start of a more protracted move.