Trade Idea - BIDU
Sunday, March 09, 2008
Shares of BIDU were up on Friday just few cents to $242.93 with more than 6 million of shares changing hands. Stock is presently trading below its 50 day moving average and is hugging the bottom part of this symmetrical triangle. If that breaks, it could become a nice swing-short. However, I like to focus that K line have crossed over D line, which means that it can move higher from here if markets help. So, let's keep an eye on her.
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.
Labels: BIDU
