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Baidu Shares Down 15.3% Since SmarTrend's Sell Call (BIDU)

TMCNet:  Baidu Shares Down 15.3% Since SmarTrend's Sell Call (BIDU)

[May 28, 2012]

Baidu Shares Down 15.3% Since SmarTrend's Sell Call (BIDU)

May 28, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Baidu (NASDAQ:BIDU) on April 23rd, 2012 at $138.83. In approximately 1 month, Baidu has returned 15.30% as of today's recent price of $117.59.

Baidu share prices have moved between a 52-week high of $165.96 and a 52-week low of $100.95 and are now trading 16% above that low price at $117.59 per share. The 200-day and 50-day moving averages have moved 0.38% lower and 1.31% lower 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 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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