Long Position on ZTO @ $16.00 on 3/2/2018 (Momentum)

ZTO Express (Cayman) Inc. (ZTO) provides express delivery and other value-added logistics services in China.

It offers delivery services for e-commerce merchants, traditional merchants, and other express service users, as well as through business partners.

As of December 31, 2016, the company operated a fleet of approximately 2,900 self-owned trucks. ZTO provides express delivery service as well as other value-added logistics services through its extensive and reliable nationwide network in China covering over 96% of China’s cities and counties. 

The Company leverages its network partners to provide pickup and last-mile delivery services, while controlling the mission-critical line-haul transportation and sorting network within the express delivery service value chain. The network partner model is developed to reach and serve the Chinese e-commerce industry’s fragmented and geographically dispersed merchant and consumer base and seasonal demand.

Shares have formed a bullish "double bottom" and higher share prices are expected for this stock.

52-Weeks Trading Range: $11.14 - $18.08

Entry Point: $16.00

Stop Loss: $15.20

Target Price: $17.60

Updates

5/21/2018 11:33:15 AM

ZTO closed at $17.80

Position closed on 5/21/2018 at price of $17.80 with a 11.25% gain in 80 days.

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