China Stock Could Benefit from Seasonal Tailwinds

PDD Holdings Inc - ADR (NASDAQ:PDD) stock is seeing support from bullish quantified data as well as seasonal tailwinds, per Schaeffer’s Senior Quantitative Analyst Rocky White. The security pulled back to its long-term 200-day moving average, and the past three times this occurred, the stock was higher one month later with an average 8.79% rise. Plus, PDD has seen positive returns in August 67% of the time since the stock’s inception, averaging a 15.8% return. There is trading at the last large put strike, ...