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Baidu Crosses Above its 10-day MA (BIDU)

By James Quinn

Today, shares of Baidu (NASDAQ:BIDU) have advanced above their 10-day MA of $180.52 on a volume of 979K 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.

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 $182.11, which is 82% above that low price. Over the past week, 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