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iQIYI Is Pointed Down or Streaming Down - Take Your Pick

Bruce Kamich

In this daily bar chart of IQ, below, we can see that prices had a steep and short-lived run up from $16 to $46 in a few weeks from May to June but since then prices have slowly and steadily eroded. IQ has fallen the $20 area from $46 but signs of a low or bottom are not on my radar. IQ is trading below the declining 50-day moving average line.