Baidu.com, Inc. (BIDU +$6.64 or +1.52% to $442.18) posted a gain on light volume today for a new all-time high close. It proved resilient near its 50-day moving average (DMA) line after its 10/27/09 gap down. That was a sign of great institutional support, making a stand near its important short-term average line.  However, as it clawed its way to new all-time high closes on light volume recently, the light volume leaves questions as to how much appetite the large investors have for accumulating a greater interest.

BIDU was featured in yellow in the 9/08/09 Mid-Day BreakOuts Report (read here). The number of top-rated funds owning BIDU's shares rose from 112 in Sept '08 to 169 in Sep '09, clear evidence its shares were being accumulated by the institutional (I criteria) crowd. An earlier FSU section appearance described some of the more extensive prior coverage this Chinese Internet search provider has received (read here).