Baidu back up to previous highs!

Baidu (BIDU) broke out off an eight day trading range and moved back up to last year’s highs yesterday. It hit my trigger price around $169 at the bottom of the trading range last Tuesday, but somehow I didn’t get filled. If yesterday’s breakout holds and price stays above $176, then an inverse head and shoulders measured move from this month lows would take us to $203.

BIDU Daily Chart

BIDU Daily Chart

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.
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