The trading day on Wednesday was not kind to Alibaba Group Holding Ltd (BABA) as its shares took a tumble, crossing below the crucial 200-day moving average pegged at $78.87, touching a low of $78.23 per share. The current trade sees Alibaba Group Holding Ltd shares down by approximately 2.3% for the day. Assessing the performance over the last year, below is a comparative look at BABA shares against its 200-day moving average:
Examination of the chart above reveals that BABA’s 52-week range spans from a low of $66.63 per share to a high of $102.50 per share — an interesting contrast to its recent trade at $78.74.
