4 Stocks Fight 50-Day As Shanghai Index Sinks

By | June 19, 2015

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This week, the Shanghai Composite had its worst week of trade since 2008. Four popular Chinese stocks are battling with their 50-day lines: JD.com (JD), Alibaba (BABA), Tencent (TCEHY) and Baidu (BIDU). JD.com shares are looking for support at the 50-day line on the stock market today. The Chinese online retailer’s shares fell below that level intraday, but somewhat recovered later in Friday’s session. The drop has JD.com in sell territory: it’s Scalper1 News

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