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Bullish Moving Average Cross by Baidu (BIDU)

By Amy Schwartz

Baidu (NASDAQ:BIDU) shares have crossed bullishly above their 10-day moving average of $182.26 on a volume of 451K 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, Baidu share prices have been bracketed by a low of $100.00 and a high of $217.97 and are now at $183.35, 83% 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 recommended that subscribers consider buying shares of Baidu on August 15th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $171.98. Since that recommendation, shares of Baidu have risen 5.8%. We continue to monitor BIDU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Baidu

Ticker(s): BIDU