Baidu Bullish Moving Average Crossover Alert (BIDU)
Today, shares of Baidu (NASDAQ:BIDU) have advanced above their 10-day MA of $165.53 on a volume of 1.4 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Baidu share prices have moved between a 52-week high of $217.97 and a 52-week low of $100.00 and are now trading 69% above that low price at $168.80 per share. The 200-day and 50-day moving averages have moved 0.24% lower and 0.53% higher over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in Baidu. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Baidu in search of a potential trend change.
Keywords: moving crosses Baidu