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CHINDATA GROUP (NASDAQ:CD) momentum breakout alert!

By Kristoff De Turck

Last update: Jul 5, 2022

TRADING IDEA (Momentum Breakout)

Chindata Group Holdings Ltd. operates data centers. The company is headquartered in Beijing, Beijing and currently employs 1,315 full-time employees. The company went IPO on 2020-09-30. The firm operates two businesses which are colocation services and colocation rental. The colocation services business provides a range of services, including utilities, hosting, cooling, operating and maintaining of clients' servers and equipment. Read the full profile here.


STRATEGY

Momentum Breakout Setup (Short term)

  1. clean breakout during last trading session (+12%)
  2. increased buying volume
  3. closing price higher than $8.35 (latest resistance)
  4. long term trend on weekly chart becomes positive (bigger buying volume)

Last earnings: 2022-05-26

Next earnings: 2022-08-24



ACTUAL SETUP

  • Buy Stop | $8.81
  • Limit | $8.90
  • Stoploss | $7.88
  • Target | Hold between 2 - 5 days

ADDITIONAL INFO/TIPS

Disclaimer: These trading ideas are merely to demonstrate what ChartMill is capable of and shows some typical results of a breakout filter. It is in no way actual financial advise to invest or trade in these stocks. The author has no pre-existing position in any of these stocks.

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CHINDATA GROUP HOLDINGS-ADR

NASDAQ:CD (9/25/2023, 7:00:01 PM)

8.32

0 (0%)

CD News

News Image25 days ago - Chindata GroupChindata Reveals Impressive Revenue Leap of 49.7% in Its Unaudited Q2 2023 Financial Report

/PRNewswire/ -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution...

News Image26 days ago - Seeking AlphaChindata GAAP EPS of $0.08 (NASDAQ:CD)

Chindata press release (CD): Q2 GAAP EPS of $0.08.Total revenues in the second quarter of 2023 increased by 49.7% to RMB1,553.8 million (US$214.3 million) from RMB1,038.1 million in...

News Image26 days ago - Chindata Group Holdings LimitedChindata Group Reports Fiscal Year 2023 Second Quarter and Half Year Unaudited Financial Results
News Image26 days ago - Chindata Group Holdings LimitedChindata Group Reports Fiscal Year 2023 Second Quarter and Half Year Unaudited Financial Results

BEIJING, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Chindata Group Holdings Limited (“Chindata Group” or the “Company”) (Nasdaq: CD), a leading carrier-neutral...

News Imagea month ago - Chindata GroupChindata Group Unveils Pioneering Full-Stack Solutions for Hyperscale Data Centers, Bolstering Energy Efficiency and Computational Prowess in the AIGC Era

/PRNewswire/ -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution...

News Imagea month ago - Brodsky & Smith LLCBRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Zynerba Pharmaceuticals, Inc. (Nasdaq - ZYNE), Chindata Group Holdings Limited (Nasdaq - CD), Capri Holdings Limited (NYSE – CPRI), Avid® (Nasdaq - AVID)
News Image2 months ago - BloombergBain Capital to Take Chindata Private to Get Full Ownership

Bain Capital signed an agreement to take Chindata Group Holdings Ltd. private, a deal that allows the buyout firm to take full ownership of the data center business.

News Image2 months ago - Seeking AlphaChindata to go private on $3.16B equity value after Bain Capital raises bid (NASDAQ:CD)

Data center operator Chindata Group (CD) Friday said signed an agreement to go private and merge with BCPE Chivalry Bidco's, representing Bain Capital, subsidiary in a transaction...

News Image2 months ago - Chindata GroupChindata Group Enters into Definitive Agreement for "Going Private" Transaction

/PRNewswire/ -- Chindata Group Holdings Limited ("Chindata Group" or the "Company") (Nasdaq: CD), a leading carrier-neutral hyperscale data center solution...

News Image2 months ago - Seeking AlphaBain Capital inching closer to Chindata takeover - report

Bain Capital is moving closer toward a potential takeover of data center operator Chindata Group Houp (CD)

News Image2 months ago - BloombergBain Capital Edging Closer to Chindata Take-Private Deal, Sources Say

Bain Capital is moving closer to a potential agreement to take Chindata Group Holdings Ltd. private, people familiar with the matter said, a deal that would allow the buyout firm to take full ownership of the data center business.

News Image2 months ago - Chindata GroupChindata Releases 2022 ESG Report Revealing Above Industry Average PUE of 1.21 with Accelerated Green Transformation

/PRNewswire/ -- Chindata Group, ("Chindata" or the "Company") (Nasdaq: CD), an industry leader in carrier-neutral hyperscale data center solutions, recently...

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