's Chart of the Day - Alibaba
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 BABA - Alibaba Group Holding

The Barchart Chart of the Day belongs to the Chinese Amazon Alibaba (BABA). I found the stock by using Barchart's powerful screening tools to find the stock with the highest Weighted Alpha and Technical Buy Signals and sorted that list by the most frequent number of new highs in the last month. I then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 11/4 the stock gained 20.49%.

Alibaba Group Holding Limited operates online and mobile marketplaces in retail and wholesale trade, as well as cloud computing and other services. It provides technology and services to enable consumers, merchants, and other participants to conduct commerce in its ecosystem. The Company operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace;, an online business-to-business marketplace;, an online wholesale marketplace; and AliExpress, a consumer marketplace. Alibaba Group Holding Limited is headquartered in Hangzhou, the People's Republic of China.


Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 55.43+ Weighted Alpha
  • 56.16% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 7.66% in the last month
  • Relative Strength Index 77.58%
  • Technical support level at 214.81
  • Recently traded at 216.29 with a 50 day moving average of 191.11

Fundamental factors:

  • Market Cap $550 billion
  • P/E 41.12
  • Revenue expected to grow 33.80% this year and another 29.30% next year
  • Earnings estimated to increase 28.30% this year, an additional 22.90% next year and continue to compound at an annual rate of 3.66% for the next 5 years
  • Wall Street analysts issued 18 strong buy, 29 buy and 1 hold recommendation on the stock
  • The individual investors following the stock on Motley Fool voted 957 to 61 that the stock will beat the market
  • 354,581 investors are monitoring the stock on Seeking Alpha

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