Shares of China Internet services provider Baidu (BIDU) soared more than 1200% in the two years following the 2009 generational market low but have pulled back significantly since making their rally high, testing key Fibonacci retracement levels defined by the strong move. Recent price action around two of these levels, however, suggests the stock could be stabilizing and in the first stages of a basing process.
Baidu (BIDU) -- Weekly Source: StockCharts.com View Chart » View in New Window » ...255 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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