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

Baidu Inc Resistance Level Quickly Approaching

|Includes:Baidu, Inc. (BIDU)

Baidu Inc (NASDAQ:BIDU) continues to surge higher today. The stock is trading at $157.56, +2.38 (1.53%). Baidu Inc is up from the $88.00 level since July 2013. This is a massive gain of 80% in just three months. While the bulls are cheering, smart investors may have an amazing opportunity to short it. The 2011 high on Baidu is $165-$166. This is also a max move extension level. Smart traders can short the stock here for at least a 10% pull back.

Gareth Soloway
InTheMoneyStocks.com

Stocks: BIDU