VIPS had a pocket pivot 2 days ago but due to its volatility, it is best to wait for it to pull back on constructive volume as it is doing today. One may take a position or wait for further pullback, depending on one's risk tolerance levels. Earnings and sales have risen like a rocket, group rank 28. Keep in mind this is a Chinese stock so carries more risk, but has a market cap of $4.7 billion so that bodes well in its favor as it is not a small cap.
PPR - VIPS 11/14/13
|Published:||14 Nov 2013 19:48 ET|
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