BEST STOCKS TO BUY TODAY: BABA @03/29/2023
| Ticker | BABA, Alibaba Group Holding Limited | Note |
| Last Price | 99.92 | |
| Buy | 99.92 | Limit Order This is generated by our mechanical trading system. Please read the chart section for more detailed and flexible entry options. |
| Target | 109.91 | Default at 10%, Or Sell when close below ma5(short term)/10(midterm)/20(long term) or when big down day or when formed inverted hammer at a resistance level |
| Stop | 96.43 | |
| Reward/Risk | 2.86 : 1 |
Above is the summary of one of our Best Stocks To buy.
More Technical Status
| ATR | 3.92 | |
| Beta | 0.63 | |
| RSI(14) | 67.91 | |
| SMA20 | 16.22% | Distance to SMA20 |
| SMA50 | 1.42% | Distance to SMA50 |
| Recommendation | 1.80 | Analysts’ mean recommendation (1=Buy 5=Sell) |
Our system generated several buy signals today. BABA is one of them. Let’s take a look at this stock’s chart.
BABA had a great breakout and held nicely so far. It stopped right at 50 days moving average. We can start to open a small position and add more if it pulls back. If it closes closes below previous day’s low, then need to run. Otherwise, we should see a nice run for BABA.
More Info about Stock ticket BABA
Alibaba Group Holding Limited, commonly known as Alibaba, is a Chinese multinational technology company specializing in e-commerce, retail, internet, and technology. It was founded in 1999 by Jack Ma, and is headquartered in Hangzhou, China. Alibaba operates several e-commerce platforms, including Taobao, Tmall, and Alibaba.com, which connect buyers and sellers around the world.
Alibaba’s stock has been listed on the New York Stock Exchange (NYSE) since 2014, under the ticker symbol “BABA”. The company has seen significant growth in recent years, and is one of the largest and most valuable companies in the world. However, like all investments, it carries certain risks and it’s important to do your own research before making any investment decisions.