BUY! BAIDU INCORPORATED (BIDU) Nasdaq

  Report No. 2394    Analysis by: Harry Aloof     OCTOBER 26, 2010

BAIDU INCORPORATED (BIDU-Nasdaq): Technical Viewpoint: From a low of $76.04 on Aug 31, 2010 prices rallied, reaching a high of $107.19 on Sep 28, 2010. A decline saw prices pull back, reaching a low of $95.12 on Oct 4, 2010. Another rally saw prices penetrate resistance, closing 10/25/10 at $109.75. Technicals: MACD Index (MACD): A Buy Alert! was given on Oct 25, 2010 when the solid line crossed the dotted line to the upside. Support: Remains at $104.74. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Oct 22, 2010. A P&F upside reversal takes place at $107.00. Summary: Technical indicators have turned bullish. BUY! BAIDU INCORPORATED (BIDU-Nasdaq) @ $110.13 Stop: Use a protective stop of $107.38. BAIDU INCORPORATED is currently trading @ $109.75 plus $2.47 on Oct 25, 2010. Price Objective: $135.00. Risk/Reward: $2.75 VS. $24.97. Today's Risk Reward Ratio: 9:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$135.00 Risk/Reward:
$2.75 VS. $24.97 Risk/Reward Ratio:
9:1
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