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Thursday, March 29, 2007 

BIDU and RHT

Chart courtesy of stockcharts

BIDU shares fell more than 2% to 97.12. Looking at the chart, the pattern printed is bearish in the short term, the major support is now at 95$.

Chart courtesy of stockcharts

Stock in spotlight for tomorrow session RHT. After market closed Red Hat said that quarterly profit fell 25 percent on higher costs for sales and marketing, research and development, overhead and taxes. Fiscal fourth-quarter diluted net income fell to $21.5 million, or 10 cents a share, from $28.7 million, or 13 cents a share, a year earlier. Revenue rose to $111.1 million from $78.7 million. Stock fell more 3% in after-hours. Looking at the chart stock has a support at 21.50$.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice evening !!!

AC


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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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