Long Position on ZTO @ $23.25 on 1/3/2020 (Momentum)

ZTO Express 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, 2018, it operated a fleet of approximately 4,500 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 "cup and handle" and higher share prices are expected for this stock. The bullish pattern was formed following company's solid earnings report. 

52-Weeks Trading Range: $15.30 - $23.72

Entry Point: $23.25

Stop Loss: $22.20

Target Price: $25.70

Updates

1/30/2020 10:27:36 AM

ZTO closed at $22.20

Position closed on 1/30/2020 at price of $22.20 with a -4.52% loss in 27 days.

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