BIDU INC (BIDU-Nasdaq): Technical Viewpoint: From a low of $107.50 on Jun 28, 2012 prices rallied, reaching a high of $117.85 on Jul 5, 2012. A decline saw prices pull back, reaching a low of $99.71 on Jul 17, 2012. Another rally saw prices penetrate resistance, closing 7/27/12 at $123.70. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 23, 2012 when the solid line crossed the dotted line to the upside. Support: Remains at $116.00. Resistance: Is at $124.80. Point & Figure: Reversed to the upside on Jul 18, 2012. A P&F upside reversal takes place at $121.00. Summary: Technical indicators have turned bullish. BUY! BIDU INC (BIDU-Nasdaq) @ $124.25 Stop: Use a protective stop of $121.25. BIDU INC is currently trading @ $123.70 plus $5.08 on Jul 29, 2012. Price Objective: $149.50. Risk/Reward: $3.00 VS. $25.25. Today's Risk Reward Ratio: 8:1