Trading Ideas – BIDU
November 10, 2014 MarcoTrade 4,418
Here is a trading idea for Monday November 10th. BIDU, current price (before market opens on 11/10) $236.54. The stock recently cleared a 13-week consolidation and broke out 2 weeks ago from a flat base at $231.51.
Bidu has pulled back a few points last week on low volume which is an indication that big money is still behind the stock. With a 52% Sales % change in the last quarter, a 28% EPS change and a 39.3% Profit Margin, BIDU is an ideal buy candidate. The stock hit a 52-week high at $246, so it is sitting just shy of that value. Buy now ($236.54) up until $243 max. Sell if the stock falls below $215.
Categories: Trading Ideas