Keep an eye on JD.com (SYM: JD). After finding support just under $25, the JD stock is just starting to pivot higher. If it can break above $30.16 resistance, it could retest $35 shortly.
Helping, analysts at Citi just opened a positive catalyst watch on the stock, noting that “Over the past 6-12 months, internet companies have been increasingly accelerating their buyback activities. JD is among the notable ones that have stepped up their buyback pace aggressively,” as quoted by CNBC.
