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
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.