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.