Will BIDU Support Hold?
Posted on Thu 1st Feb, 2007 08:44:07 PM
After today, Baidu.com (BIDU) shares are sitting right on the 50 Day Moving Average, or 50 DMA. $120 is also support due to its recent trading over the last few weeks. Stocks like Apple (AAPL) have fallen under support areas like BIDU has, so it will be interesting to see how the stock ends up performing. If you want to play the support, you can buy here around $120 and look for a move back towards the 50 DMA, but I would recommend a tight stop, “just in case”.
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