Chinese Amazon BABA had a pocket pivot off its 200-day moving average on a strong earnings report. Earnings and sales are accelerating, ROE 31%, group strength 95. Their products are competitive with respect to quality and pricing. BABA sometimes undercuts pricing from other companies including Amazon in addition to sometimes waiving all shipping charges due to their vast global delivery network.
As noted by the strong group strength, some other Chinese names such as WUBA, BZUN, and BIDU are holding up fairly well.
Pocket Pivot Review - BABA 5-6-18
|Published:||6 May 2018 10:19 ET|
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