This last year YRD had 209M in revenue, 193M in profit, and 43.8M in net income. They currently have $0 debt, 308.5M in assest with 190M of that in capital. They sit at only a 10.8 P/E ratio and 3.3 P/R. $YRD is currently at a 4 week low and in the middle of it's 52 week spread. It has recently trended downwards in ...
YRD is not a typical stock, more volatile than others with a small avg volume.
on 4H, all my indicators shows its going up, i bought a small amount at 26.7, will hold n sell it at NYSE opens.
*Trade with your own risk, thx in advance*
This is a volatile one. After a standard 5 wave down, a 3 wave counter-trend rally is unfolding. There is still some room to play for the upside. A conservative strategy would be waiting for the 3 wave done and playing the C leg.
Will follow up later.