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This Trader Says Alibaba Needs A 'Game Change'

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This Trader Says Alibaba Needs A 'Game Change'
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Serge Berger is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.

The Steady Trader Head Trader and Investment Strategist Serge Berger talked about Alibaba Group Holding Ltd (NYSE: BABA) on the show.

Berger felt the stock had been “frustrating” as it had not closed above $86 and had been too choppy as of late.

Berger would not go long until the stock moves out of its current chop or until after it “fell apart” in a “massive bullish reversal” following an earnings release, which could then be a game-changing event for the stock.

Otherwise, unless the stock rose above $86, Berger would not be interested.

Shares of Alibaba recently traded at $80.46, down 0.87 percent.

Listen to all of Serge Berger's comments on the show:

Posted-In: Serge Berger Steady TraderExclusives Trading Ideas Interview Best of Benzinga

 

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