Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $200.00 short put and a strike $190.00 long put offers a potential 11.86% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $200.00 by expiration. The full premium credit of $1.06 would be kept by the premium seller. The risk of $8.94 would be incurred if the stock dropped below the $190.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Baidu is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Baidu is bullish.
The RSI indicator is at 40.29 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Baidu
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Sun, 17 Aug 2014 00:33:00 GMT
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Alibaba film unit says found possible accounting irregularities; halts shares
Fri, 15 Aug 2014 09:34:58 GMT
Reuters – A media firm Alibaba Group Holding Ltd recently bought said on Friday a review of its finances revealed possible accounting irregularities, casting doubts on the Chinese e-commerce giant's due diligence as it prepares for a U.S. initial public offering. The announcement by Alibaba Pictures Group Ltd comes less than two months after Alibaba Group completed its $804 million purchase of a 60 percent stake in the film and TV production company once known as ChinaVision Media Group Ltd. The deal was among the $10 billion or so Alibaba Group and its affiliates have spent since the beginning of last year on acquisitions which ventured beyond its traditional e-commerce roots to fend off competition from rivals like Tencent Holdings Ltd, Baidu Inc and JD.com.
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Wed, 13 Aug 2014 11:46:00 GMT
TheStreet – These companies dominate their fields and should continue to do so in the foreseeable future.
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