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IBD Rating Upgrades: Baidu Flashes Improved Relative Price Strength

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The Relative Strength ( RS ) Rating for Baidu ( BIDU ) jumped into a higher percentile Thursday, as it got a lift from 65 to 73.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's unique RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.

History reveals that the best stocks typically have an RS Rating north of 80 as they begin their largest climbs. See if Baidu can continue to show renewed price strength and hit that benchmark.

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Baidu is building a consolidation with a 275.07 buy point . See if the stock can break out in volume at least 40% above average.

Earnings-per-share growth dropped in the company's most recent report from 162% to 21%, but sales rose from 29% to 38%.

Baidu holds the No. 11 rank among its peers in the Internet-Content industry group. Autohome ( ATHM ), Facebook ( FB ) and Grubhub ( GRUB ) are among the top 5 highly rated stocks within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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