TECH - PDD Stock: Temu's Potential Billionaire David Tepper's Conviction Fuel Bullish Signals Ahead Of Q1 Earnings | Benzinga
Pinduoduo Inc. (NASDAQ:PDD) has demonstrated notable stock performance, reflecting strong market interest and investor confidence. The company is set to report Q1 earnings on Wednesday. Wall Street expects PDD to post $1.43 in EPS and $10.6 billion in revenue, as it reports before market hours.
At the time of publication on Monday, the stock was up 1.2% to $147.96. Over the past year, PDD stock has surged by 134%, and is up 1.6% in 2024. This performance underscores the stock’s resilience and potential for continued growth.
Several Bullish Indicators On PDD Stock Charts
From a technical analysis perspective, PDD is exhibiting several bullish indicators.
The stock is currently trading above its key moving averages, which signals sustained upward momentum. The share price of PDD is above the 8-day simple moving average (SMA) which indicates a bullish signal, reflecting short-term bullish sentiment.
The 20-day Simple Moving Average (SMA) suggests ongoing bullish momentum, with the stock price well above this short-term average. The 50-day SMA ...