Baidu (BIDU:Nasdaq - commentary - research - Cramer's Take) gapped higher on great earnings last week, but the enthusiasm hasn't been sustainable. A lot of investors are locking in profits. Friday's volume was much lighter than the prior two days, but still more than twice the average volume.
Notice how buying pressure wasn't sufficient to keep it above the November high. As such, this level of resistance grows more formidable.
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