Update: Chinese Internet Trade

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Chinese Internet names pause today on poor (disappointing) growth at Sina ( SINA , quote ) and broader China fears.

Image courtesy hwanghsuhui: http://commons.wikimedia.org/wiki/File:Baidu_Campus.jpg These pullbacks have been to buy in the last 2 months and this is far from a big pullback (-1.3%).

Baidu ( BIDU , quote ) is resting today on the 20mda at $169.50 and this has been a key level to hold historically.

BIDU reports after the bell tomorrow.

Be forewarned that this is a company that trades on the news.

The average % price change on the release over the last 10qtrs has been arount 6%+/-. sg2014022546571



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , International , Stocks

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