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Chart On $BIDU Signals Surge On Or Before Earnings

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

Chinese company Baidu Inc (NASDAQ:BIDU) is forming a tight bullish consolidation pattern. This signals significant upside in the stock coming in the next month. Investors and traders began accumulating the name today, looking for a breakout to $200.00 in the coming weeks. Baidu Inc will report earnings on February 23rd, 2017. Could this be the catalyst? Very possibly as the chart signals the move within the next month.

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Bullish stock chart trade setup on shares of Baidu Inc


This article was written by ST G for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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