Ads by Google

Baidu (BIDU) Downgrade Alert, Watch for 42% Technical Uptrend Reversal

Oct 12, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: Baidu.com (BIDU)

Baidu (NASDAQ:BIDU) downgraded to Hold, $426 target, at Deutsche Bank. The stock closed Friday at $427.07 on volume of 2,695,800 shares, above average daily volume of 1,873,986.

Baidu is currently above its 50-day moving average of $364.02 and above its 200-day moving average of $248.00.

SmarTrend is bullish on shares of BIDU and our subscribers received an Uptrend alert on June 29, 2009 at $300.72, which has returned 42% to date.

Write to Chip Brian at cbrian@tradethetrend.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.TradeTheTrend.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.TradeTheTrend.com/signup.html

Copyright (C) 2009 Comtex SmarTrend(R). All rights reserved

News Provided by COMTEX

Company: Baidu.com (BIDU)


Related terms: market, nasdaq, securities

Related Articles

Agrium (AGU) Downgrade Alert, Watch for 11.1% Technical Uptrend Reversal - Zibb.com
Nov 23, 2009
...Alert, Watch for 11.1% Technical Uptrend Reversal Agrium (NYSE...is currently above its 50-day moving average of $51.55 and above its 200-day moving average of $44.85. SmarTrend...

Supply chain management/technology: Third quarter microchip sales on rebound
Nov 2, 2009
...increase of 8.2 percent from August when sales were $19.1 billion. All monthly sales numbers represent a three-month moving average of global semiconductor sales. “Amid signs that we are in the early stages of recovery in the global economy, semiconductor...

ITW reports operating revenue decrease of 18 percent
Nov 16, 2009
...such as automotive and construction, according to the company.. On a segment basis, here is ITW's three-month moving average percentage change for operating revenues, comprised of base revenues, acquisitions/divestitures and currency translation...

Film historian Ken Wlaschin dies at 75
Nov 13, 2009
Ken Wlaschin, film programmer, historian and author who ran the London Film Festival and later the AFI Film Festival, died Nov. 10 at his home in Palm Springs after a short illness. He was 75..Film News, news from the entertainment source: Variety.Film historian Ken Wlaschin dies at 75.