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Baidu Stock Pulls Back: Technical Levels To Watch

Baidu Inc. shares lost ground Thursday amid tensions between China and major western countries over human rights concerns. Could this be weiging on the market?Baidu shares ended the session at $204.57, down 14.47%.Baidu Daily Chart Analysis:The stock looks to be forming what technical traders may call a “head and shoulders” pattern.A head and shoulders pattern is considered to be a bearish reversal pattern, although it may not act in that manner.The pattern occurs when the stock runs up and make
Baidu Stock Pulls Back: Technical Levels To Watch

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