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Baidu (BIDU) is China’s dominant search engine, but its stock has been stuck below its 50-day moving average. The 50-day line can be a key area of support, where mutual funds and other big institutions step in to buy shares. But it can also be a technical resistance level. Baidu shares peaked at 251.99 intraday on Nov. 13. Since that time, the stock has been in a downtrend, lagging the general market. Since early December, Baidu has struggled to Scalper1 News
Scalper1 News