Market Overview

Weibo Makes New All-Time High And Retreats

Share:
Related
Earnings Scheduled For May 9, 2018
40 Biggest Movers From Yesterday

Weibo Corp (ADR) (NASDAQ: WB) shares are trading higher by $2.10 at $110.68 in Tuesday's session. This comes on top of Monday's gain of $3.42 ($105.16 to $108.58).

After a flat open, Weibo retreated and drifted lower until it found intraday support at $107.09 and resumed its move higher. The pace of the rally accelerated once the stock cleared the pair of highs from November 9 ($110.48, which is also was its former all-time high) and flanked by its November 10 high of $110.48.

So far, the ensuing rally took the stock to $113.63, but fell back into the upper $110.00 handle.

Posted-In: Technicals Intraday Update Movers Trading Ideas

 

Related Articles (WB)

View Comments and Join the Discussion!