Monday, April 02, 2007

BIDU again testing 200 EDMA, LHCG continues to uptrend

As I said before, BIDU is a shell of a company and should not be in the same league as Google or even Yahoo. Technically speaking, It is again testing the 200 EDMA. A break below $93 would represent a good short entry with tight stops at $95. I think this stock can continue down and test $82 to $75 range in relatively quick order.

LHCG continues its uptrend and I don't think it is done. It is having trouble breaking above $34 level but it is a matter of time. It represents a good short term trading opportunity.

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