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- JD.com (JD) shares broke out to a fresh 2026 high on Wednesday. That opens the door for a potentially higher run, after reporting first-quarter 2026 earnings that exceeded analyst expectations.
- The stock’s 20-day moving average has renewed its upward trend, after creating a brief base.
- The 200-day moving average turned positive about six weeks ago, and the stock has rallied more than 30% since that time.
- Still, the stock sits 25% below its late 2024 high price, implying more upside potential. If this market did not care much about momentum, JD would be a less-attractive candidate. However, the current trend is nothing but momentum, making an earnings breakout a more pronounced technical signal.