Baidu.com, Inc (Nasdaq:BIDU) is an exciting search company in a high growth market, and has been a strong stock all year. We list it often on our go-to list. Baidu has provided several technical buy set-ups in the past 6 months, and we feel it is setting up technically for what could be another potent move higher. If the stock can break above the recent range of $111-111.50, it is set up for a possible move to new highs, with the measured technical move up to the $120 area. The stop on the BIDU trade is $109.25.
*Disclosure: Long BIDU
