The analyst notes Alibaba is buying back shares under their 200 WMA, indicating a bullish stance on BABA.
Alibaba is actively buying back shares under their 200-week moving average, which is a positive signal; contrasting with Cathie Wood selling her stake, but the analyst highlights TLI adding, implying confidence.
$BABA continue to buy back their own shares under their 200 WMA, while @CathieDWood continues to offload her stake TLI has been adding.
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +1.8% | +1.0% |
| 1 week | +15.6% | +14.7% |
| 1 month | — | — |
| 3 months | — | — |
| 6 months | — | — |