BIDU Powers to $124.80 on Strong EMA Stack

Baidu Inc (BIDU) closed up 1.17% at $124.80 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($123.25) with a bullish stack. The 21-day EMA at $122.68 provides support.
• Momentum: RSI at 58.0 is in neutral territory. MACD is bullish (0.44 vs signal 0.07).
• Volatility: Bollinger Band width at 11.9% indicates normal volatility.

Key levels to watch: Support at $115.17, Resistance at $129.73.