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E-Commerce China Dangdang (DANG) Surges: Why It Still Has Room to Run?
March 24, 2014

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One company that should be on your radar is E-Commerce China Dangdang Inc. . The stock of this Beijing based business-to-consumer e-commerce company has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For DANG’s full year estimate, we have seen 3 estimates go higher in the past 30 days, compared to no estimate moving lower. This trend has helped the consensus estimate to trend higher, going from loss of 9 cents a share a month ago to its current level at earnings of 4 cents.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, DANG has seen some pretty solid trading lately, as the company has moved higher by 41.32% in the past month.

If Dangdang can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put DANG on your watch list for the future.

Other top-ranked stocks worth considering in this space include j2 Global, Inc. (JCOM - Free Report) , Lattice Semiconductor Corporation (LSCC - Free Report) and Lexmark International Inc. . All these stocks carry a Zacks Rank #1 (Strong Buy).

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