Steady Trader Says Alibaba Needs A 'Game Change'

Serge Berger is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Tune in to the daily broadcast live Monday-Friday at 8 a.m. ET here.

The Steady Trader Head Trader and Investment Strategist Serge Berger talked about Alibaba Group Holding Ltd 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.

Alibaba Group Holding Ltd recently traded at $80.46, down 0.87 percent.

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