Baozun Inc. (BZUN)’s Ascending Triangle Chart Pattern Points to Higher Stock Risks

May 17, 2018 - By Jeanette Kaplan

The stock of Baozun Inc. (BZUN) formed an ascending triangle with $50.91 target or 3.00 % below today’s $52.48 share price. The 5 months triangle pattern indicates high risk for the $2.97 billion company. If the $50.91 price target is reached, the company will be worth $89.16 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 16.47% or $7.42 during the last trading session, reaching $52.48. About 11.17M shares traded or 319.45% up from the average. Baozun Inc. (NASDAQ:BZUN) has risen 200.00% since May 17, 2017 and is uptrending. It has outperformed by 188.45% the S&P500.

More notable recent Baozun Inc. (NASDAQ:BZUN) news were published by: Globenewswire.com which released: “Baozun Announces First Quarter 2018 Unaudited Financial Results” on May 17, 2018, also Nasdaq.com with their article: “3 Reasons Why Baozun Inc Can Hit New Highs” published on May 10, 2018, Benzinga.com published: “Mid-Day Market Update: Baozun Rises Following Q1 Results; Jounce Therapeutics Shares Plummet” on May 17, 2018. More interesting news about Baozun Inc. (NASDAQ:BZUN) were released by: Nasdaq.com and their article: “Why Baozun, Inc. Stock Soared Today” published on May 17, 2018 as well as Benzinga.com‘s news article titled: “22 Stocks Moving In Thursday’s Pre-Market Session” with publication date: May 17, 2018.

Baozun Inc. provides e-commerce solutions for brand partners in the PeopleÂ’s Republic of China. The company has market cap of $2.97 billion. It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, online store design and setup, visual merchandizing and marketing campaigns, store operations, customer services, warehousing, and order fulfillment. It has a 92.72 P/E ratio. The firm also operates Maikefeng mobile application that offers various branded products.

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