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Baidu Bullish Moving Average Crossover Alert (BIDU)

By Nick Russo

Baidu (NASDAQ:BIDU) shares have crossed bullishly above their 10-day moving average of $173.41 on a volume of 943K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher 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 $175.17, which is 75% above that low price. The 200-day and 50-day moving averages have moved 0.24% lower and 0.53% higher over the past week, respectively.

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