Chinese online retailer Vipshop Holdings has popped into the Sector Leaders screen after rising for eight straight weeks.
The stock has retaken both its 10-week and 40-week moving averages. It’s just out of buying range from a 15.13 entry of a cup base within a deep consolidation.
A pullback into the 5% buy zone would give investors a chance to buy. However, the stock is still nearly 30% off its 52-week high, which means that there’s a lot of overhead supply to work through.