During Tuesday night's Lightning Round segment of Mad Money, Jim Cramer was asked about Baidu (BIDU) . "This is my second favorite Chinese stock behind Alibaba Holdings (BABA) , said Cramer to a caller.
Let's pay a visit to the charts and indicators of BIDU.
In this updated daily bar chart of BIDU, below, we can see that the shares have stabilized the past two months. Prices have recently climbed back above the 50-day and 200-day moving averages. The 50-day line is bottoming.
The On-Balance-Volume (OBV) line has been improving this month and tells us that buyers of BIDU are again being aggressive. The Moving Average Convergence Divergence (MACD) oscillator is crossing back above the zero line now for a new outright buy signal.