BABA Crosses Under Key Moving Average Indicator

On Thursday, shares of Alibaba Group Holding Ltd (BABA) fell below their 200-day moving average of $91.65, reaching a low of $90.05 per share, representing a decline of approximately 3.2% for the day. This marks a significant moment as BABA’s 52-week range is between $58.01 and $125.84, with the last trade recorded at $90.67.