Google Breaks Below 50-Day Average

Includes: BIDU, GOOG
by: Bespoke Investment Group

Following its decision to stop censoring search results in China and a negative EU ruling regarding brand trademarks, shares of Google (NASDAQ:GOOG) are trading down over 2% today bringing the stock back below its 50-day moving average. As usual, however, shares of Baidu (NASDAQ:BIDU) are benefiting from GOOG's pain with a gain of over 2% on top of its 52%+ rally since mid-January.

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