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“It can move a lot after earnings...so I don’t want to touch something
like this blindly on the long side,” said Berger.
“I would focus on the bigger picture area...this stock can gap up or down
10 percent so I would focus on the broad support areas between $190 and
maybe $200, that’s your big-picture support area” that the stock needs to
hold, according to Berger.
If the stock could clear the $235 level, then Berger felt that “it might be
off to the races to new highs.”
Ahead of its earnings report, Baidu Inc (ADR) traded at $214.75, down 2.14
percent.
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