Long Position on ZTO @ $24.25 on 3/26/2020 (Momentum)

ZTO Express (Cayman) Inc. (ZTO) provides express delivery and other value-added logistics services in the People's Republic of China.

The company offers delivery services for e-commerce and traditional merchants, and other express service users. As of December 31, 2018, it operated a fleet of approximately 4,500 self-owned trucks. 

ZTO Express (Cayman) reported Quarter December 2019 earnings of $0.30 per share on revenue of $983.4 million. The consensus earnings estimate was $0.29 per share on revenue of $957.1 million. Revenue grew 20.2% on a year-over-year basis.

The delivery service will continue to rise and follow it's upward trendline as China gets back to work.

Entry point: $24.25

52-week trade range: $17.12 - $28.06

Stop/Loss: $23.04

Target price: $26.66

Updates

4/2/2020 10:19:50 AM

Closed at $26.70

Position closed on 4/2/2020 at price of $26.70 with a 10.10% gain in 7 days.

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