Stocks on the move Baidu (NASDAQ:BIDU) and Green Mountain Coffee Roasters (NASDAQ:GMCR)
2013-02-28 16:31 ET - News Release
Bridgewater, MA - StockConsultant.com provides automated stock consulting on over 6000 US equities. Each detailed stock report contains easy to use technical analysis indicators, charts, and news to fine tune stock entry and exits. Today’s stocks (NASDAQ:BIDU) and (NASDAQ:GMCR) are from our daily "Stocks to Watch" list and found using the site's powerful stock screens for bottoms and breakouts.
Baidu Incorporated (NASDAQ:BIDU) founded in 2000 and is headquartered in Beijing, China. The company specializes in internet search solutions and online marketing solutions. BIDU has formed a double bottom in the 88-90 price area at strong double support. The stock has recently started to make a move above 90 with an initial upside target of 100.
Abbreviated BIDU support and resistance map:CURRENT PRICE 90.6, at support, 88.9 ± 1.96, type double, strength 6RESISTANCE ABOVE +3.5% at 93.76 ± 2.06, type triple, strength 8+7.2% at 97.12 ± 2.14, type triple, strength 10+11% at 100.6 ± 2.21, type double, strength 4 SUPPORT BELOW None.BIDU Upside Target T1 details:TARGET 1 Price: 100.58 Profit: 11% , for a typical rally.Stop Limit/Trailing Stop Limit: 88.06 Loss: 2.8%Profit/Loss Ratio: 3.9 : 1 - ExcellentFull BIDU report with stock charts and analysis here:http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=BIDUGreen Mountain Coffee Roasters (NASDAQ:GMCR) founded in 1981 and is headquartered in Waterbury, VT. The company specializes in the specialty coffee and coffeemaker businesses. GMCR has undergone a month of consolidation around the 42-46 price area and recovery from an earnings sell off. The stock is now starting to move higher and is under a breakout watch above 48.53.Abbreviated GMCR support and resistance map:CURRENT PRICE 47.85, at resistance, 46.6 ± 1.91, type triple, strength 9RESISTANCE ABOVE None. SUPPORT BELOW -14.1% at 41.12 ± 1.69, type triple, strength 5-19.9% at 38.34 ± 1.57, type single, strength 5
GMCR breakout details:BREAKOUT WATCH for possible breakout above 48.53, no resistance in area just above.Type: True breakout from triple resistance.Target: 58.04, 21.3% Stop: 44.43, Loss: 7.1%, Profit/Loss ratio: 3 : 1 - Good Full GMCR report with stock charts and analysis here:http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=GMCR
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