Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $210.00 short put and a strike $195.00 long put offers a potential 8.38% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $210.00 by expiration. The full premium credit of $1.16 would be kept by the premium seller. The risk of $13.84 would be incurred if the stock dropped below the $195.00 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Baidu is bearish and the probability of a decline 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 74.15 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Baidu
China Unicom share trading to remain suspended after deal announcement
Thu, 17 Aug 2017 01:44:30 +0000
Shares in telecoms group China Unicom's Shanghai and Hong Kong listed units would remain suspended, even a day after the group announced raising of $11.7 billion from about a dozen investors including Alibaba Group and Tencent Holdings. The group's Hong Kong arm, China Unicom Hong Kong, and the Shanghai unit, China United Network Communications Ltd , said in separate notices on Thursday that trading in their shares would remain halted until further notice. Trading in shares of the two listed units of China Unicom were expected to resume on Thursday, a day after the fund raising was announced as part of Beijing's push for state-owned enterprises to be revitalised with private capital.
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Baidu Announces Buyer Group Investment in China Unicom
Wed, 16 Aug 2017 12:02:00 +0000
BEIJING , Aug. 16, 2017 /PRNewswire/ — Baidu, Inc. (the “Company” or “Baidu”) (NASDAQ: BIDU), the leading Chinese language internet search provider, today announced that an investor …
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