Baidu.com, Inc. (BIDU) is crashing back to It's 200 day moving average once again which must hold. Baidu.com, Inc. (BIDU) has not closed below the 200 day moving average in over a year so expect major selling pressure if this level fails. On the upside, BIDU resistance around $140-$141. Downside support will be located at $126 as well as $114.
Thursday, August 18, 2011
Baidu.com, Inc. (BIDU) Stock Analysis 2011
Shares of Baidu.com, Inc. (BIDU) have been under pressure after CCTV in china reported that the Government may not be happy with the company. As far as the stock goes, BIDU shed another 6.66% today. Below is a a look at technical support and resistance levels.
