Baidu Inc Under Selling Pressure, Trade The Stock Here

Leading Chinese internet company Baidu Inc (NASDAQ:BIDU) has been under serious selling pressure over the past few days. On April 29, 2015 the internet giant reported earnings that were less than the street expected. Baidu Inc stock dropped by over 20.0 points closing below the psychological $200.00 level. Today, Baidu Inc stock is continuing to be under pressure by trading lower by $1.59 to $198.68 a share. Swing traders should now watch for a low in Baidu Inc stock around the $190.00 level. This is an area where the institutional crowd should support the fallen internet stocks.


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Nick Santiago

InTheMoneyStocks.com