Alibaba Sentiment Is Bullish On Social; What Are People Saying?

Alibaba Group Holding Ltd BABA reports Q1 results Thursday and traders on social media were anticipating the results.

Ahead of its earnings release, sentiment was bullish on the stock, according to StockTwits where investors and traders chimed in with their views.

The StockTwits Community Sentiment chart below shows the percentage breakdown in bullish and bearish sentiment shared by StockTwits users over time, calculated on a rolling, 7 day basis.

Source: StockTwits

Several investors thought a close Tuesday above $80 would be a bullish indicator which was echoed by camhack:

$BABA close above 80 would be bullish and heading back to 82

— cameren (@camhack) May. 5 at 01:32 PM

Buying at the low from the IPO was also suggested as a “no brainer” opportunity:

$BABA : Was a no brainer to buy at 52weeks low today.

— vik (@vik_canadian) May. 5 at 12:31 PM

As for other ways to get upside exposure, 3ME suggested Calls at the $80 strike price:

$BABA Jul 17 '15 $80 Call discounted 15% on the day a lower risk way to get in on $BABA move

— MMM (@3ME) May. 5 at 12:31 PM

Alibaba Group Holding Ltd recently traded at $79.35, down 1.54 percent.