Alibaba shares have risen 45 percent since their September debut, and the e-commerce giant's earnings report on Tuesday could signal whether upward momentum is set to continue.
The New York-listed firm will report quarterly earnings for the July-September period before the U.S. market open and 45 appears to be the magic number.
Revenue is also seen jumping 45 percent to $2.61 billion, while earnings per share are estimated at 36 cents, according to a Reuters poll of 21 analysts. Meanwhile, net profits are expected to rise to $1.16 billion.
Earnings from internet names such as Facebook, eBay and Amazon, have been weak thus far, but Alibaba will be different, Neil Doshi, managing director and co-head of technology and media at CRT Capital told CNBC.
"With Alibaba, there's been a flight to safety since you don't have the foreign-exchange risk from Europe or other risks that these other companies had," he said. "[The result] might be a little lumpy but our guess is that they come out with very strong numbers and we could see an upward trajectory in the stock."
Monday was the busiest day yet for the options market, with volume at 349,000 contracts. The stock rallied as much as 4 percent to a record high of $102.80, before paring gains to close at $101.29.
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