Baidu tops its 10-day moving average, levels to watch The shares are trading above the 10-day moving average, last at $92.86 and now support. The 10-day has primarily acted as a downtrend resistance line for the last couple of months. Resistance is at $94.77.
Baidu to partner with Citic Bank to launch online bank, Financial Times reports Baidu will partner with Citic Bank to launch an online bank, reports the Financial Times. China Citic Bank had suspended its shares in Shanghai and Hong Kong on Monday pending announcement of a "proposed external investment" while Baidu said it would make an announcement on Wednesday. Reference Link