Alibaba Finds Resistance Again At The $85 Level

shares are trading lower by $0.44 at $83.94 in Wednesday's session. Its rally has found resistance in a familiar area. In four of the last five sessions, it has reversed course in a very narrow range ($85-$85.20). On Tuesday, it stopped shy of that level at $84.67. Support has moved up from Tuesday's low ($82.67), only reaching $82.97 so far in today's session.