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TMCNet:  Baidu Down 16.0% Since SmarTrend Downtrend Call (BIDU)

[November 13, 2012]

Baidu Down 16.0% Since SmarTrend Downtrend Call (BIDU)

Nov 13, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Baidu (NASDAQ:BIDU) on August 22nd, 2012 at $121.65. In approximately 3 months, Baidu has returned 15.96% as of today's recent price of $102.24.

Baidu share prices have moved between a 52-week high of $154.15 and a 52-week low of $99.71 and are now trading 3% above that low price at $102.24 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.1%.

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

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Baidu.

Log in and add Baidu (BIDU) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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