Alibaba nears first golden cross since IPO after bullish signal
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[NEW YORK] Alibaba Group Holding Ltd's stock is less than a dollar away from its first golden cross since going public last year, with its 50-day moving average about 1 per cent away from exceeding its 200-day moving average.
The shares have risen 3.5 per cent in the past two days, the biggest such rally since Nov 23. The stock sent a so-called bullish harami signal on Monday. The e-commerce giant headed by billionaire Jack Ma yesterday announced a multi-year licensing agreement with Walt Disney Co for a device that will deliver Disney and Pixar movies, games and travel services in China.
BLOOMBERG
Share with us your feedback on BT's products and services
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
