Vipshop Holdings benefit from a very sharp bullish trend (more than +100% since the beginning of the year).

The company has an incredible estimated growth in revenue (+126% expected in 2013) and analysts constantly revise upward their EPS estimates for 2013 (+100% since August 2012). The latter justify the high P/E ratio 2013 of 51.3x.

From a technical viewpoint, the security is trading in a bullish trend on all time scales. Increasing 20 and 50-day moving averages let think there will be no reversal in the coming trading sessions. The stock is going back to the USD 36.6 short term support, corresponding to the 50-day moving average. This threshold may be used as a stepping stone in order to reach again USD 42.1.

In consequence, investors can take a long position in Vipshop Holdings in case of a comeback on the USD 36.6 support. A rebound can lead the security toward USD 42.1 then USD 49.7. A stop loss will be set under the medium term support at USD 33.6.