Alibababa Rally Finds Resistance

Alibaba Group Holdings BABA shares are trading higher by $1.25 at $78.25 in Monday's session. Except for its spike down to $74.85 on June 13, it has traded in a range from $75.71 to $78.77 since June 1. Earlier in the session, it expanded the range on the upside by $0.02 when it peaked at $78.79. Since making that high,it has decline under $78 to $77,84 but has rebounded back into the $78 handle.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!