BIDU - powering higher

With the main equity indexes continuing to battle higher, Baidu (BIDU) is no exception, and closed up another significant 2.4% @ $111.20. It would seem BIDU will make an imminent test of the January high in the $114s.


BIDU, daily

Summary

A mere two weeks ago, BIDU was $89 ! Today's close in the $111s, makes for a clear $22 gain, that's roughly 25% in TWO weeks. Absolutely incredible.
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Relative to the main market, the company has some of the best profit margins out there.

BIDU looks set to test 113/114 in the next few days. A daily close >114..and there is open air to $135.