Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

BIDU Technical Breakout Watch

|Includes:Baidu, Inc. (BIDU)

$BIDU (Baidu Incorporated) 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

BIDU breakout stock chart provided by http://www.stockconsultant.com

source: BIDU at StockConsultant

Stocks: BIDU