Monday, May 24, 2010

Morning Strength - Apple Inc (AAPL) And Baidu Inc. (BIDU)

On Friday I pointed out that Apple Inc (AAPL) and Baidu Inc (BIDU) both had bullish engulfing patterns. Usually when there is follow through the very next day, that is a bullish sign. So far we are seeing  continued strength in these two stocks as both AAPL and BIDU are trading above Friday's high.

It's early in the day, in fact the market just opened so it will be interesting to see if these two stocks can maintain their strength into the close.

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