For the sixth day in a row, China’s stocks are on the rise, which is the longest streak in the past two months. The Shanghai Composite shows it rose 2.4% and the Shenzhen Composite was up 2.8%. Investors will continue to watch for signs of market stabilization. Here are three of the China stocks worth looking at: 58.com Inc (ADR) (NYSE:WUBA), Vipshop Holdings LTD – ADR (NYSE:VIPS), and JD.Com Inc (ADR) (NASDAQ:JD).
58.com Inc (ADR) (NYSE:WUBA) has closed in New York trading at $64.99; that number is up 0.21 points or 0.32% from its previous close. Its performance over the last 12 months is up 56.41% from the year before. The last month saw that stock was down -9.31%. If measured over the last three months, that performance was down -13.99% and over the last six months was up 59.45%.
For Vipshop Holdings LTD – ADR (NYSE:VIPS), it was up 0.61% during its last US exchange trading session, when it closed at $21.60. The stock’s share price has been lately between the prices of $21.03 and $21.77. The low during its last 52 weeks came at $16.95 per share, while its high during that same 52-week period was $30.72. As of last close, it was at -1.77% from SMA20, while it was -9.37% from SMA200.
The JD.Com Inc (ADR) (NASDAQ:JD) stock was at $35.38 as of recent close in the New York trading. That price point put it up 0.20% or up 0.07 points from its close the day before and up 6.00% from its SMA20. The stock currently trades up 3.31% from its SMA50 and it has a one-week volatility of 2.74$. Volatility for the month shows by analysis to be 3.89%.
Investors will gather round to find out what will happen when the Shanghai Index reaches its desired level next week.
