Vipshop Holdings Limited (VIPS) was a big mover last session, as the company saw its shares rise by over 16% on the day. The move came on the back of solid volume too, as far more shares changed hands than in a normal session. The uptrend is continuing for this computer and technology company, as the stock surged nearly 32% in the past one-month time period.
The company has seen positive revisions in the past few weeks and its earnings consensus has moved higher over the past two months, suggesting that more solid trading could be ahead for VIPS. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Vipshop Holdings currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Some better performing computer and technology stocks include Ctrip.com International Ltd. (CTRP), Arrow Electronics, Inc. (ARW) and MSCI Inc. (MSCI). All these carry a Zacks Rank #1 (Strong Buy).
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