Can Baidu Become The Powerhouse It Once Was?
C = Catalyst for a Stock’s Movement
Baidu (NASDAQ:BIDU) is a Chinese internet search giant… think of it as the Google of China. With the population in China being over four times that of the United States, Baidu has the potential to become a search powerhouse and a profit machine. As China continues to display exponential growth online, Baidu should be able to continue its dominance in the industry and see that investors get a great return.
T = Technicals on the Stock Chart are Mixed
Baidu’s long term chart displays an uptrend consisting of higher highs and higher lows. The stock has seen years of euphoric rises (2006-2007 and 2009-2011) as well as periods of pullbacks and consolidation (2008 and 2012). Once the recent pullback settles, this stock could surge higher, as it has done in the past. The most recent run, from 2009-2011, returned over 1,500%, so a long period of digestion is expected.