The BIDU edge

BIDU is my poster child for weekly trading, using only Friday's close to determine if BIDU should be held LONG or SHORT as of Monday's Open.  You can see on the Weekly chart below, there is not a whole lot of trading going on here:

BIDU Weekly Trend Model

On a more Intermediate time frame, the Daily Trend Model, BIDU's most recent signal was a BUY generated at the close of trading on April 23 @ 645.76:

BIDU Daily Trend Model

BIDU is up 15% today @ 710.95

Baidu Shares Soar as Profits Rise 165%

BEIJING (TheStreet) -- Baidu(BIDI) shares are soaring in premarket trading Thursday after the operator of China's No. 1 Internet search engine said first-quarter profit rose 165%.

The trend models didn't know this news was coming, they only knew that BIDU was in a long term uptrend (weekly model) and a fresh intermediate term uptrend (daily model).

In the vernacular of trend following, that is called an edge.


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