Alibaba Group Holding Ltd (NYSE:BABA) To Buy A Stake in Lianhua Supermarket

Alibaba Group Holding Ltd (NYSE:BABA) To Buy A Stake in Lianhua Supermarket

Alibaba Group Holding Ltd (NYSE:BABA) To Buy A Stake in Lianhua Supermarket

  • Australian consumers could potentially be blocked from buying goods from overseas on eBay, Amazon, Alibaba and Etsy if the government pushes ahead with its controversial online GST changes.
  • Chinese e-commerce giant Alibaba Group Holding Ltd. continues to expand its holdings in brick-and-mortar retail assets, announcing a deal to buy an 18% stake in the Lianhua Supermarket chain, owned by Shanghai-based Bailian Group.
  • The deal, which comes three months after Alibaba established a strategic partnership with Bailian Group, will see Alibaba become the second largest shareholder of Hong Kong-listed Lianhua Supermarket Holdings Co., Ltd.
  • Alibaba bought the stake from Yiguo, a fresh produce delivery company. Lianhua Supermarket has a total market capitalization of HK$1.49 billion (US$192 million).

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 55.8767. This is not an overbought or oversold reading. The last signal was a sell 9 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 66.31. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 5 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 50. This is not a topping or bottoming area. The last signal was a sell 5 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 4 period(s) ago.

ALIBABA GRP ADR closed down -0.160 at 123.750. Volume was 100% below average (consolidating) and Bollinger Bands were 25% wider than normal.

Open         High         Low          Close         Volume
123.750    123.750    123.750    123.750    3,167

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period        50-period      200-period
Close:                       123.10              114.91             102.89
Volatility:                23                     21                    26
Volume:                   14,269,032    10,460,322    12,379,500

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary
ALIBABA GRP ADR is currently 20.3% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of BABA.K at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on BABA.K and have had this outlook for the last 50 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 55.8767. This is not an overbought or oversold reading. The last signal was a sell 9 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 66.31. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 5 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 50. This is not a topping or bottoming area. The last signal was a sell 5 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 4 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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