Xunlei Limited Sets The Stage For A monster Move Next Week

04:31 11/10/2017

China based Xunlei Limited XNET  closed up 40 percent after breaking its 52 week high. The China based stocks have been having monster rallies lately and XNET  could be next on deck for a big move come next week. The strong close will definitely attract the attention of the bulls over the weekend. Both the weekly and daily charts are on an uptrend and look amazing.

The cloud-based acceleration technology company announced last week that it plans to release its unaudited financial results for the third quarter ended September 30, 2017 on November 16, 2017 before the market opens. It then plans to host a conference call at 8:00 a.m. U.S. Eastern Time on November 16, 2017 (9:00 p.m. Beijing/Hong Kong Time), to discuss the Company's quarterly results and recent business developments.

After the company reported second-quarter results in August, shares have increased by more than 25%.

Shares of Alibaba Group Holding Limited. BABA  closed up today as the 11.11 Global Shopping Festival begins in China with $1.5 billion in sales in the first 3 minutes. The event gets shoppers around China scouting for bargains and loading up their online shopping carts, while delivery men - and robots - are braced for an estimated 1.5 billion parcels expected over the next six days.

The Shopping festival has evolved from a 24-hour online sale into a 24-day festival season celebrated both online and offline. Consumers around the world will enjoy promotions and offers from more than 140,000 brands and 15 million product listings. For Chinese consumers, who are increasingly aspiring for quality products and a wider range of choice, more than 60,000 international brands will be available to them across the Alibaba marketplaces.

This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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