Edited by hiker, 10 July 2007 - 04:53 PM.
BIDU
Started by
hiker
, Jul 10 2007 04:45 PM
No replies to this topic
#1
Posted 10 July 2007 - 04:45 PM
little low volume squeeze or something of the sorts in ah.
not much volume available for trading, but will be interesting to see if 205.75 to 206 holds as R tonight.
tomorrow may be as interesting as other recent days for BIDU which reports later this mo.
today is the first day BIDU has been firmly above $200, which it held in late day tests.
the 200 sma on the 15 minute has remained far below price since June 27th acceleration of price
Citi downgraded to neutral the other day, and here we are today at new highs.
see my blog post the other day on BIDU for a chart
BIDU is usually volatile the day and day before earnings
news today -
Baidu.com announces Q2 earnings release date of 7/25 (193.90 ) :