BIDU INCORPORATED (BIDU-Nasdaq):
Technical Viewpoint: From a low of $66.85 on Jun 9, 2010 prices rallied, reaching a high of $78.59 on Jun 21, 2010. A decline saw prices pull back, reaching a low of $69.50 on Jul 1, 2010. Another rally saw prices penetrate resistance line "A", closing 7/23/10 at $78.06. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 20, 2010 when the solid line crossed the dotted line to the upside. Support: Remains at $72.25. Resistance: Is at $78.59. Point & Figure: Reversed to the upside on Jul 23, 2010. A P&F downside reversal takes place at $75.00. Summary: Technical indicators have turned bullish. BUY! BIDU INCORPORATED (BIDU-Nasdaq) @ $78.25 Stop: Use a protective stop of $75.50. BIDU INCORPORATED is currently trading @ $78.06 plus $3.61 on Jul 23, 2010. Price Objective: $93.00. Risk/Reward: $2.75 VS. $14.75. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical
Study
Price
Objective:
$93.00
Risk/Reward:
$2.75 VS. $14.75
Risk/Reward
Ratio:
5:1
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