December 21, 2012 at 15:40 PM EST
Baidu Is Up From Early December Lows, but Shares Are Underperforming Year-to-Date
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: iShares FTSE China Index Fund (NYSEARCA:FXI) has been outperforming since broad market mid-November bottom and is up 16% year-to-date. BIDU is also up nearly 16% from early December low. On a year-to-date basis shares are underperforming down more than 14%. Currently facing resistance with the $100 century level. On a technical basis shares remain in a short-term ...
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