Making a run at 90 day highs here. Technically looks very nice. I got calls.
Excerpt from TradingMarkets.com
Baidu.com (NasdaqGS:BIDU - News) is due to report first-quarter results after the close on Monday. Analysts expect China's top Internet search company to report earnings of $0.75 per share, up from $0.60 a year ago, on revenue of $115.2 million. Shares have gained 63% since the beginning of the year as advertising sales start to pick up. On April 17, the company it had seen a significant rise in advertising since late January, as business sentiment improved in the world's third largest economy.
Baidu is one for longs to watch as the stock has shown a strong tendency in the near-term to widen its next-day share move following its post-earnings share performance in the preceding evening session. It's done so four out of the last four quarters MidnightTrader.com has tracked. Three out of four of those moves were to the upside. On February 18, shares rose 0.7% in the after-hours and widened the next day, ending up 3.5%.
Excerpt from TradingMarkets.com
Baidu.com (NasdaqGS:BIDU - News) is due to report first-quarter results after the close on Monday. Analysts expect China's top Internet search company to report earnings of $0.75 per share, up from $0.60 a year ago, on revenue of $115.2 million. Shares have gained 63% since the beginning of the year as advertising sales start to pick up. On April 17, the company it had seen a significant rise in advertising since late January, as business sentiment improved in the world's third largest economy.
Baidu is one for longs to watch as the stock has shown a strong tendency in the near-term to widen its next-day share move following its post-earnings share performance in the preceding evening session. It's done so four out of the last four quarters MidnightTrader.com has tracked. Three out of four of those moves were to the upside. On February 18, shares rose 0.7% in the after-hours and widened the next day, ending up 3.5%.