Specialized Investigation of the Alibaba Stock
Starting from the start of its latest rut in July, Alibaba’s general strength line has been declining.
On Investors.com’s daily and weekly charts, the relative strength line of a stock compares the stock’s daily price performance to that of the S&P 500. The stock is performing better than the S&P 500 if the RS line has an upward slope. The stock is trailing the S&P 500 if the line slopes downward.
After receiving a positive earnings report on May 26, Alibaba shares surged above a trend line. The BABA stock immediately recovered its 50-day moving normal. For a period, Alibaba was caught between its 50-day line and 200-day line, however support dissipated.
Alibaba’s Gathering/Conveyance Rating expanded to B because of the new huge volume development.