BIDU Breaks Out at $124.80 as Moving Averages Align
BullishBaidu Inc (BIDU) closed up 1.17% at $124.80 on December 29.
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 $122.65 provides support.
Momentum
RSI at 58.1 is in neutral territory. MACD is bullish (0.45 vs signal 0.09).