amazing strength today with weak market watch for breakout above 112.81 with 31% higher volume. VOLUME 3.06mil shares, +31.2% compared to typical volume of 2.33mil by 1:55 pm ET (15-20 min delayed). Typical daily volume is 3.95mil shares over the past 6 months. BREAKOUT WATCH for possible breakout above 112.81, no resistance in area just above. Type: True breakout from triple resistance. Target: 120.9, 8.9% Stop: 108.84, Loss: 2%, Profit/Loss ratio: 4.5 : 1 - Excellent CURRENT PRICE 111.01, at resistance, 110.9 ± 1.89, type triple, strength 10 RESISTANCE ABOVE None. source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=BIDU
You do realize they're releasing earnings after the close today, right? Surely, a lot of the extra volume is coming from people trying to game earnings. As far as that goes, I think they've beat expectations 2 out of the last 4 quarters so it's kind of a toss-up there. If you're just scalping it around intraday then good call. It's definitely moving. I've been long BIDU in my PA for months and will be holding for a while longer. Here's hoping it's a good number... Another stock I have in my PA is QIHU. They've been giving BIDU some trouble lately. I'm just hoping the pie gets bigger for them both. Now if you want to see strength on a chart, check out QIHU. It's been a real nice ride so far. If I wasn't so greedy I'd sell just based on the chart but its market cap is tiny relative to the market they're going for.
Wow. Check out VIPS. i sold it up 4.5% today. It was up about 20% in the last 6 days since i bought it. Just spiked up another 3%. Something is going in with this turkey. Damn i'm feeling dumb right now...
over a month long price consolidation, watch for breakout above 142.07 BREAKOUT WATCH for possible breakout above 142.07, no resistance in area just above. Type: Continuation breakout from single resistance. Target: 152.7, 9% Stop: 135.65, Loss: 3.1%, Profit/Loss ratio: 2.9 : 1 - Good CURRENT PRICE 140, at resistance, 139.7 ± 2.38, type single, strength 5 RESISTANCE ABOVE None. SUPPORT BELOW -3.1% at 135.6 ± 2.31, type triple, strength 7 -8.9% at 127.6 ± 2.17, type single, strength 8 source: <a href="http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=BIDU"><u>BIDU at StockConsultant</u></a>