BIDU - tomorrow is a key day
Thursday, October 25, 2007
Chart courtesy of stockcharts

Shares of BIDU will be tomorrow in focus, after company reported earnings better-than-expected, said Thursday it expects its fourth-quarter revenue to more than double year-over-year. BIDU earned 181.7 million yuan, up from 85.3 million yuan in the same period a year ago. Earnings per share totaled 5.23 yuan or 70 cents. Stock is falling nearly 4% in after hours, however only in the regular sesssion is that we can all power of stock, after earnings. Looking at the technical chart, indicates that stock is still trading in an uptrend with 50 and 200 day moving average still rising. Since KD is still rising and MACD is on top of 0 so the stock could still go up more. Keep an on BIDU tomorrow morning.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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posted by Pro Investor Trader at 4:09 PM | Permalink


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