Baidu Is Chinese for Google

Baidu (BIDU) is the leading Chinese language Internet search engine. It has been in my Jim Van Meerten/BarChart New High model portfolio on Marketocracy for some time and I have written about it on my blog Financial Tides. I add stocks to my New High Fund when I see stocks trading over 100K per day that continue to hit new highs.

BIDU's main competition in the Chinese market is SINA and SOHU. BIDU has 545M in revenue while SOHU has 485M and SINA 372M. Why do I like BIDU above the others?

As I've shared before, I use BarChart to find stocks having upward price momentum and good underlying fundamentals. BarChart's 13 technical indicators all have BIDU as a BUY for a 100% Buy rating. The stock continues to hit new highs and has hit 10 new highs in the last 20 trading sessions.

Recommendation: BIDU is trading around 375, a high price. Many think it may fall so use caution and put a stop loss around the 50 day moving average of around 330. This is not a stock to buy and hold but might be a good one for a closely monitored trading portfolio.

Disclosure: I have no actual position is BIDU at time of publication

Comments

[manuel:]

many people are concerned about the legal issues for music downloads on Baidu

Sep 15 07:43 AM

[DuffBeer:]

Jim , I was wondering when you were going to surface on
SA . Hope all is well
Cheers , DuffBeer who is the proud owner of BIDU
even if I have rules against doubling down
I sure should have on this one--ooops

Sep 21 07:51 PM