Baidu slides lower, levels to watch The shares are down over 5.9% to $153.15. At that price, next support is at $149.26 and then at $147.70. Resistance is at $158.64. The $140 area is a key support zone for the shares. It was resistance in the late summer of last year and support since that time.
Baidu upgraded to Outperform from Perform at Oppenheimer Oppenheimer upgraded Baidu to Outperform with a $280 price target citing the recent pullback in shares and the company's increasing mobile market share.