Baidu.com (NasdaqNM: BIDU) NewsBite
Tue. September 30, 2008; Posted: 10:15 AM
Sep 30, 2008 (Fresh Brewed Media via COMTEX) --
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PowerRating -- Baidu.com (NasdaqNM:
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PowerRating) opened at $236.05. So far today, the stock has hit a low of $235.76 and a high of $245.00. BIDU is now trading at $236.44, up $5.24 (2.27%). Over the last 52 weeks the stock has ranged from a low of $201.15 to a high of $429.19. Shares of BIDU are rising with the broader market this morning after the market rebounded from yesterday afternoon's steep selloff. Things could turn south again, though, if investors' worries about a financial bailout package return to the forefront. Technical indicators for the stock are neutral and S&P gives BIDU a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on BIDU the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 180 range.
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For full details on Baidu.com Inc (BIDU)
click here. Baidu.com Inc (BIDU) has Short Term PowerRatings of 5. Details on Baidu.com Inc (BIDU) Short Term PowerRatings is available at
This Link.
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