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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 cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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