Baidu.com Continues to Show Strength

Baidu.com (BIDU) was featured on the blog before breaking out in September. Since the $222.41 buypoint the stock has moved all the way above $350 and today is sitting back around $345.

The most recent gap up on October 23rd showed continued support from institutions and is a great argument for higher price to come. BIDU is important to the market as a whole because it is a leader, so keep it on your close watch list. Personally I would like to see some more horizontal work before making another move to new highs.

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Comment by Pavel G.
2007-10-25 15:36:04

I love BIDU. Makes me rich.

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Pingback by Recent New Stock Highs - Stock Trading To Go
2007-10-26 11:54:58

[…] Baidu.com Continues to Show Strength […]

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