Shares of Baidu.com jumped $14.66 on Monday to $336.24 amid heavy volume, the fourth best advance in 2009 so far. But if history can be a guide in future performance, be careful on Tuesday because BIDU gives back -$0.18 the next trading day, on average.
We collected the 10 best market days for the Chinese search engine giant where today's $14.64 gain is among top five daily advances. According to the following table, shares of BIDU fall the next day $-0.18, on average. Looking at the top five trading days, chances are high that BIDU will take a break on Tuesday.
Besides Baidu.com, China Life Insurance (LFC), HSBC Plc.(HBC) and NetEase Inc (NTES) are the most overbought Chinese stocks at the moment and thus are subject to short term price correction.