Alibaba Group Could Dip Further Near Term

Alibaba Group Holding Ltd. (BABA) was last reviewed on July 13. At that time, we gave our analysis of the charts and indicators and raised our trading parameters, stating: "Bottom line -- longs are happy but they should look to raise sell stop protection to a close below $135 while looking for gains to $167 or higher."

Now that prices have stopped a couple times at $160 -- short of our $167 target -- and many stocks are correcting, a fresh look could be useful. Let's check the charts and indicators again....252 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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