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Baidu Bearish Moving Average Crossover Alert (BIDU)

By Nick Russo

Today, shares of Baidu (NASDAQ:BIDU) have fallen below their 10-day MA of $162.01 on a volume of 623K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Baidu have traded between a low of $100.00 and a high of $217.97 and are now at $159.37, which is 59% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for Baidu and will alert subscribers who have BIDU in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Baidu

Ticker(s): BIDU