Alibaba Rallies Off Mixed Q1 Report

Alibaba Group Holding Ltd.

shares are trading higher by $3.28 at $79.10 in Thursday's session. The company came up by $0.13 for EPS but beat had a slight beat for revenue. After a higher open, it continued in that direction until it peaked just ahead of the psychological resistance level of $80 peaking at $79.94. That was by a retreat to $78.10. That was well ahead of the top of Wednesday's ($75.91).