For all the talk about Chinese tech firms’ massive rise to prominence, JD.com (JD) has looked rather pedestrian this year. Since the beginning of January, JD stock has slipped to about a loss of 8%. This underperformance has forced the Barchart Technical Opinion indicator to rate the equity as a 40% Sell.
Not only that, JD stock happens to be one of the worst-performing securities in the trailing month among large-capitalization companies. During this period, the ticker has slipped nearly 8%, causing grief to long-side options traders and forcing analysts to reassess the forward risk-reward profile of the e-commerce giant.