This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Facebook, Baidu: Swing Trade Ideas for Thursday, May 22

Stocks in this article: BCOR BIDU FB

NEW YORK (TheStreet) -- Good morning traders!

Today's top swing picks are Baidu (BIDU)Blucora (BCOR) and Facebook (FB).

1. First, let's look at Baidu, which provides Internet search services mainly in China. The company offers a Chinese language search platform on its Web site that enables users to find relevant information online, including Web pages, news, images, documents and multimedia files, as well as various international products and services in local languages to users in other countries.

Baidu traded positive on Wednesday and closed up 3.50% to $163.97 per share.

  • Wednesday's range: $158.82 - $164.49
  • 52-week range: $88.08 - $189.34
  • Wednesdays' volume: 3,366,800
  • 3-month average volume: 4,937,020

Baidu is a great swing trading chart, as it has just enough volume to keep things interesting. Yesterday, Baidu gapped up a bit, and continued to trade positive throughout the day. Shares closed at the top of the sideways trading channel that it's been experiencing for a few months. Clearly there is strong resistance at yesterday's closing price, as price action is having a tough time breaking through this level.

Watch for Baidu to break this level today. I'd set a buy trigger at $165, which is just above the current trend channel.

I'd set a stop just below yesterday's low at about $158.62. There is overhead resistance at $168.18, $172.79, $179.10, than again at the 52-week high of $189.34. I'd target the 52-week high, but look to take profits at any of these resistance levels for 2.5%, 5.4%, 9.2% and 13% returns, respectively.

Stay long until you see a confirmed sell signal, or a close below the t-line.

2. Next, let's look at Blucora, which operates a portfolio of Internet businesses in the U.S. and internationally. The company operates through three segments: search, tax preparation and e-commerce.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs