PPR - BIDU breakout

Published : March 24 2011 at 8:37 ET
We recently called attention to BIDU's pocket pivot on March 10. It has since held up well, resisting general market weakness. It then yesterday broke out on volume that was 104% above its 50-day average volume. Given its gap up on February 1, always a sign of strength, and its continued leadership as the Chinese 'google', its breakout can be used to initiate a position, or to pyramid a position had you bought on March 10 or sometime after.

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