Chinese stimulus package boosts Alibaba stock, rises from $73.87 to $97.19

From NASDAQ: 2024-09-25 16:15:00

Chinese stimulus package provided a boost to luxury goods makers, material stocks, and Chinese stocks like Alibaba. Alibaba’s stock surged from $73.87 in August to close at $97.19 today. Technical analysis by Dave Bartosiak examines moving averages, support/resistance levels, chart patterns, and volume to inform investment decisions in the stock market.

Expert pick of 7 top stocks from the list of Zacks Rank #1 Strong Buys, expected to see early price pops. Since 1988, this list has outperformed the market with an average gain of +23.7% per year. Investors are advised to pay immediate attention to these hand-picked elite stocks.



Read more at NASDAQ: What’s Stopping Alibaba Stock From Getting Back to $300?