From Wall Street Trader's Column
BAIDU.COM INC (BIDU) Nasdaq
Report No. 2195 Analysis by: Harry Aloof October 30, 2006
BAIDU.COM INC (BIDU-Nasdaq): Technical Viewpoint: From a low of $74.90 on Aug 29, 2006 prices rallied, reaching a high of $92.10 on Sep 25, 2006. A decline saw prices pull back, reaching a low of $82.24 on Oct 4, 2006. Another rally saw prices penetrate resistance line "A", closing 10/27/06 at $89.00. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 27, 2006 when the Histogram crossed the "0" line to the upside. Support: Remains at $86.;00. Resistance: Is at $93.00. Point & Figure: Reversed to the upside on Oct 27, 2006. A P&F downside reversal takes place at $89.00. Summary: Technical indicators have turned bullish. BUY! BAIDU.COM INC (BIDU-Nasdaq) @ $91.13 Stop: Use a protective stop of $88.8. BAIDU.COM INC is currently trading @ $89.00 plus $4.05 on Oct 27, 2006.
Price Objective: $101.00.
Risk/Reward: $2.75 VS. $9.87.
Today's Risk Reward Ratio: 3:1
10-30-2006, 10:23 AM
Baidu.com (BIDU) 10/30/2006
Linear Mode
