Audacity618
Long

Pre-Earnings Bullish Momentum

NYSE:BABA   ALIBABA GROUP HLDG LTD
169 0 1
Looks like Alibaba is finally picking a direction and is gaining upward momentum as we head into earnings. BABA broke a new closing high of $94.45 while also registering a TTM             squeeze green light. Sometimes its nice to find a momentum stock in its early stage before it takes off. Although I like to see more trading days to confirm a trend, I'm gong to take some risk on this one and jump in before earnings with a stop at $90.

In recent news Jack Ma is meeting with Hollywood studios including LionsGate , Disney, Viacom, Paramount Pictures, Warner Bros, Sony             , Comcast, and Universal to expand its movie distribution rights and possibly take a stake in the studios.

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