Baidu Is Up From Early December Lows, but Shares Are Underperforming Year-to-Date

Schaeffer's Investment Research
  DEC 21, 2012 3:40 PM

Take a look at some technical analysis of this technology company, which provides Internet search services.

 


Today’s chart is of Baidu, Inc. (NASDAQ:BIDU), which provides Internet search services. The company offers a Chinese language search platform on its website Baidu.com, and a Japanese language search platform on its website Baidu.jp.


Click to enlarge


What I Am Looking At:
Strategy:  Lot of crosscurrents in BIDU as pessimism continues to build; no heavy lean as trend remains firmly down.

This article by Tony Venosa, CMT, was originally published on Schaeffer's Investment Research.

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