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Long BIDU at $109.26



November 10, 2010 – Comments (0) | RELATED TICKERS: BIDU

I bought shares of Baidu (BIDU) this morning on a test of the 20-day moving average. After forming a bull flag, this stock look to move much higher. But no one can be sure of that, and that is why I put a stop-loss in there at $104.74.

Here's the Chart Analysis on BIDU.

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