After recapturing its 200 DMA back in January, JUMEI INTERNATIONAL HOLDING LTD - NYSE:JMEI has been trading in a side-ways grind and finds itself basing and working on its right-side as is evidenced in the Daily chart above.
In addition, JMEI now finds itself trading above all of its important moving averages 20/50/200 DMA's, which portrays a healthy technical posture.
While the stock has further work to do, both investors/traders may want to continue to monitor the action closely in the days/weeks ahead for if JMEI should go topside of the $2.80 level, such development would likely ignite its next meaningful advance into greener pastures.
Thus, investors/traders may want to put JMEI front-and-center on their radars for additional clues/evidence that things are about to perk-up.
In addition, JMEI now finds itself trading above all of its important moving averages 20/50/200 DMA's, which portrays a healthy technical posture.
While the stock has further work to do, both investors/traders may want to continue to monitor the action closely in the days/weeks ahead for if JMEI should go topside of the $2.80 level, such development would likely ignite its next meaningful advance into greener pastures.
Thus, investors/traders may want to put JMEI front-and-center on their radars for additional clues/evidence that things are about to perk-up.
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/