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Upgrade Alert for Baidu (BIDU)

By Amy Schwartz

Baidu (NASDAQ:BIDU) was upgraded from Negative to Mixed at OTR Global today. The stock closed yesterday at $180.86 on volume of 2.1 million shares, below average daily volume of 2.7 million.

Baidu has overhead space with shares priced $180.86, or 12.8% below the average consensus analyst price target of $207.30. The stock should find resistance at its 50-day moving average (MA) of $184.15, as well as support at its 200-day MA of $173.60.

In the past 52 weeks, Baidu share prices have been bracketed by a low of $100.00 and a high of $217.97 and closed yesterday at $180.86, 81% 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.

Baidu, Inc. operates an Internet search engine. The Company offers algorithmic search, enterprise search, pay for performance and news, MP3, and image searches.

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: analyst upgrades/downgrades Baidu

Ticker(s): BIDU