Jumei International Holding Limited (JMEI) : Traders are bullish on Jumei International Holding Limited (JMEI) as it has outperformed the S&P 500 by a wide margin of 21.3% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.9%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 9.45% in the last 1 week, and is up 21.14% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 10.87% and the 50-Day Moving Average is 19.83%.The 200 Day SMA reached 12.87%. Jumei International Holding Limited is up 7.03% in the last 3-month period. Year-to-Date the stock performance stands at -41.17%.
Jumei International Holding Limited (NYSE:JMEI): The stock opened in the green at $5.37 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $5.54 and a low of $5.31 for the day. The stock did not find buyers even at the lows and closed at $5.33 recording a loss of -0.37%. 993,769 shares exchanged hands during the trading day. The stock had closed at $5.35 in the previous days trading.
Jumei International Holding Limited is an online retailer of beauty products. The Company has two complementary sales formats on its Internet platform for beauty products: curated sales and online shopping mall through which it sells beauty products directly to customers. As part of curated sales, its Jumei Global offers Chinese consumers access to beauty products sourced directly from overseas and allows its consumers to make payments in Renminbi. In addition to curated sales, it also sells a selection of branded beauty products in its online shopping mall. In addition to beauty products, the Company offers apparel and other lifestyle products sold by third-party merchants. The Companys flash sales format features virtual stores of selected third-party merchants, offering apparel and accessories, footwear, handbags and luggage, baby, children and maternity products, as well as home goods and other lifestyle products at discounts.