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Today’s Research Reports on Trending Tickers: Alibaba and Momo

NEW YORK, NY / ACCESSWIRE / February 12, 2018 / U.S. markets managed to finish in the green on Friday, despite concerns of rising interest rates and inflationary pressure. The Dow Jones Industrial Average jumped 1.38 percent to close at 24,190.90, while the S&P 500 Index increased 1.49 percent to close at 2,619.55. The Nasdaq Composite Index increased 1.44 percent to close at 6,874.49. The Cboe Volatility Index, a key measure of market expectations of near-term volatility, reached a high of 41.06 on Friday, before settling at 29.06.

According to Richard Hastings, a macro strategist at Seaport Global Securities LLC, "The bull market is not over. It is getting a new and better price, so it can go higher all over again. The relationship of the price—of many stocks—to their own yields and to interest rates, all went into chaos. Order is being restored."

RDI Initiates Coverage on:

Alibaba Group Holding Ltd.
https://rdinvesting.com/news/?ticker=BABA

Momo Inc.
https://rdinvesting.com/news/?ticker=MOMO

Alibaba's stock moved 1.71% higher Friday, to close the day at $176.67. The stock recorded a trading volume of 28,049,543 shares, which was above its three months average volume of 21,925,660 shares. In the last year, Alibaba's shares have traded in a range of 100.11 - 206.20. The share price has gained 76.48% from its 52 week low. The company's shares are currently trading slightly below their 200-day moving average. The stock's 50-day moving average of $186.70 is greater than its 200-day moving average of $176.87. Shares of Alibaba are trading at a trailing Price to Earnings ratio of 42.96. Shares of Alibaba have fallen roughly 6.4 percent in the past month and are up 2.46 percent year-to-date.

Access RDI's Alibaba Group Holding Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=BABA

On Friday, shares of Momo recorded a trading volume of 4,173,892 shares, which was below the three months average volume of 5,705,045 shares. The stock ended the day 4.81% higher at 27.65. The share price has gained 22.94% from its 52-week low with a 52-week trading range of 22.49 - 46.69. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $27.86 is below its 200-day moving average of $32.27. Shares of Momo are trading at a trailing Price to Earnings ratio of 18.75. Shares of Momo have gained roughly 2.9 percent in the past month and are up 12.95 percent year-to-date.

Access RDI's Momo Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MOMO

Our Actionable Research on Alibaba Group Holding Ltd. (NYSE:BABA) and Momo Inc. (NASDAQ:MOMO) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com

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