Baidu Inc In Break Out Mode

Baidu Inc. BIDU shares are trading higher by $5.45 at $210.18 in Thursday's session. The issue has not over doubled since it Flash Crash low ($100) was made on Augusst 24. From November until Wednesday rallies in the issue have been stilfed near the $200 level. However, on Wednesday it cleared the level and ended the session just off its high at $204.73. After bottoming off its opening print ($204.65) it has reached $210.70 and is not far off that level. This $210 did provide some resistance for the issue back in late July. Joel Elconin is the co-host of Benzinga;s #PreMarket Prep, a daily trading idea radio show.

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