Bearish Trendline Threatening Chinese E-Tail Stock

U.S.-listed shares of China-based e-tailer Alibaba Group Holding Ltd (NYSE:BABA) are 0.8% lower at $72.80 at last glance, following news that the company bought back shares worth $4.8 billion -- its second largest repurchase ever. BABA is underperforming in 2024, down 6.1% year to date, and a historically bearish signal is flashing that could keep headwinds blowing. Specifically, Alibaba stock just pulled back within one standard deviation of its 100-day moving average after mostly trading above the trendli ...