Alibaba Group Holding Ltd. (BABA) has shown signs of recovery, trading above its 50-day moving average and turning green early in the trading session. The stock's performance indicates relative strength among momentum stocks, with its price approaching $130+. Other stocks such as Costco Wholesale Corp. (COST), Netflix Inc. (NFLX), and the Gold Miner ETF (GDX) also moved into positive territory during the day, with Netflix experiencing a $40 reversal. This reflects broader market trends.