PER Investors Business Daily: sales have skyrocketed from $2.8 million to $692 million over this period. The company became profitable last year, when it earned $1.12 a share. Revenue surged 145% to $1.7 billion.
Analysts polled by Thomson Reuters see Vipshop's earnings jumping 127% this year to $2.54 a share. Growth is expected at 77% in 2015.
Caution: Large holders love good news. The opportunity to dump their holdings has presented itself. The tallest green bar in the background followed by the series of small down bars indicates supply, overwhelming buyers. Keep an eye on volume this week. If it remains low it shows a lack of interest for the upside at this time.
I agree there is often supply overhead, however on the weekly chart we have set up a very nice long term support pattern and although there could be supply at the breakout, volume will be the key to watch, always good to buy on the break then the bounce or "jump the river test the ice" Thanks for your feedback and comments Yabi :)