BABA Hits New 7-Day Low at 121.02

BABA declined to a new 7-day low of 121.02, breaking below the prior 7-day low of 121.5. The move represents a continuation of recent weakness, with the stock now 8.6% above its 30-day low of 110.56.

• Price fell 0.4% to establish a new 7-day low at 121.02
• Prior 7-day low was 121.5, now surpassed to the downside
• Current level remains 8.6% above the 30-day low of 110.56