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Baidu Falling Today on Above-Average Volume (BIDU)

By Shiri Gupta

Shares of Baidu are trading today in above average volume, with the share price falling 3.0% to $168.73. Today's volume of 3.2 million shares tops the average 30-day volume of 2.7 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

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 $169.36, 69% 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%.

Keywords: unusual volume Baidu

Ticker(s): BIDU