Alibaba Group Holding (BABA) Shares Cross Above 200 DMA
From Nasdaq: 2025-01-17 11:24:09
Shares of Alibaba Group Holding Ltd (BABA) surged above their 200-day moving average, reaching $85.59 per share, up 3.3% for the day. The stock’s 52-week range is $66.63 to $117.82, with the last trade at $84.85, showcasing a positive trend. Investors are keeping a close eye on this momentum.
Investors are closely monitoring BABA’s movement as it surpasses its 200-day moving average. With a strong performance relative to its year-long range, there is optimism about the stock’s potential. This positive trend is attracting attention from market analysts and investors looking for profitable opportunities.
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