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Monday, August 2, 2010

BIDU


BIDU last hit a new high back in early MAY, and since then formed what appears to be a flat base, which has a little of everything. It includes a break of the 50dma, which turned into a nasty little bear trap, and most notably, a price relative line that was slowly but steadily rising, a primary reason why this is near the top of myu weekly leadership scan nearly every week.

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