Power Plays New Idea: BIDU
July 9, 2024

By Scott Redler

Name: Baidu

Ticker: BIDU

Price: $91

Needs to Hold: $81 to $85

Price Objective 1: $100 to $105

Price Objective 2: N/A

Baidu (BIDU) looks ready to accelerate higher. Its recent low of $85.08 looks like a durable one, and after a huge drop in the past 18 months, this stock feels back in play.

The danger zone here is $81 to $85. That's where I'd look to switch gears.

But I expect a breakout to the $100 to $105 area.


Scott Redler Positions Disclosure as of 2024-07-09 at 11.00.22 AM