Alibaba Group Holding Limited (BABA) Shares are Up 5.04%

Alibaba Group Holding Limited (BABA) : Traders are bullish on Alibaba Group Holding Limited (BABA) as it has outperformed the S&P 500 by a wide margin of 10.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.48%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.04% in the last 1 week, and is up 8.03% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 6.28% and the 50-Day Moving Average is 15.55%.The 200 Day SMA reached 31.64% Alibaba Group Holding Limited is up 35.9% in the last 3-month period. Year-to-Date the stock performance stands at 28.76%.


Alibaba Group Holding Limited (BABA) : The highest short term price target forecast on Alibaba Group Holding Limited (BABA) is $132 and the lowest target price is $81. A total of 21 equity analysts are currently covering the company. The average price of all the analysts is $103.67 with a standard deviation of $12.13.

For the current week, the company shares have a recommendation consensus of Buy. Alibaba Group Holding Limited (NYSE:BABA): The stock opened at $104 and touched an intraday high of $105.39 on Friday. During the day, the stock corrected to an intraday low of $103.86, however, the bulls stepped in and pushed the price higher to close in the green at $104.64 with a gain of 0.18% for the day. The total traded volume for the day was 20,363,471. The stock had closed at $104.64 in the previous trading session.

Alibaba Group Holding Limited is a holding company. The Company is principally engaged in online and mobile commerce through products, services and technology. The Company provides retail and wholesale marketplaces available through both personal computer and mobile interfaces in the PRC and internationally. Retail marketplaces and services operated by the Company include the China online shopping destination (Taobao Marketplace); the China brands and retail platform (Tmall); the China group buying site that offers products by aggregating demand from consumers through limited time discounted sales (Juhuasuan), and the global consumer marketplace targeting consumers around the world (AliExpress). Wholesale marketplaces operated by the Company include the online China wholesale marketplace ( and the online business-to-business marketplace that focuses on global trade among businesses from around the world (

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