VIPS Price Breakout

VIPS is the ticker symbol for Vipshop Holdings.  Vips stock price has moved upward recently.Vipshop Holdings is in the service sector and is a specialty store in China.  Remember China is growing, but also we must use caution in China as they have been known to rig their numbers on accounting so any stock that comes out of china I am a bit more weary of- perhaps with VIPS you should just keep a bit more focus on risk management and tiger stops.

This company has been performing well of late. Two weeks ago I put my analysis on Tradingview.com and you can see VIPS STOCK PRICE HERE.  Vipshop Holdings is moving higher on the right side of a cup type base. The weekly chart shows that base was developed over a 10-week period.  This stock came public in 2012 and  has been smashing earnings as you can see by the fundamentals below courtesy of finviz.com .

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