Baidu Inc (BIDU): Price Now Near $295.54; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for BIDU

Currently, BIDU’s price is down $-22.46 (-7.06%) from the hour prior. BIDU has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 100 and 200 hour moving averages have been crossed, so that price is now turning below them. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

BIDU’s Technical Outlook on the Daily Chart

At the time of this writing, BIDU’s price is down $-39.37 (-11.72%) from the day prior. BIDU has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. Baidu Inc’s price action over the past 90 days can be seen via the chart below.

BIDU

For BIDU News Traders

Investors and traders in BIDU may be particularly interested in the following story that came out in the past day:

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