Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $237.50 short put and a strike $232.50 long put offers a potential 51.52% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $237.50 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $3.30 would be incurred if the stock dropped below the $232.50 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 70.64 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Baidu
Baidu promises to invest $1.5B in self-driving car startups
Fri, 22 Sep 2017 14:25:53 +0000
Chinese technology giant Baidu is putting $1.5 billion into a new investment fund devoted exclusively to self-driving car startups. The company, which runs a self-driving car R&D lab in Sunnyvale, says the Apollo Fund will invest in 100 such startups over the next three years. Self-driving cars remain one of the most competitive areas of innovation in Silicon Valley, with engineers routinely earning huge payouts , and their startups easily raising money at huge valuations.
The Trade Desk Stock Enticing Momentum Players
Fri, 22 Sep 2017 13:47:00 +0000
The Trade Desk stock has more than doubled in price since coming public and could head for triple digits in coming months.
Weibo Corp (ADR) Stock is Red Hot, But Is It a Buy?
Fri, 22 Sep 2017 10:56:22 +0000
Weibo Corp (ADR) (NASDAQ:WB) is a 10-bagger. If you bought when WB stock fell to $10 in 2015, you’ve now made 10 times your investment. Most of us didn’t get in on Weibo stock at the ground floor, though, so the question is: Is there still opportunity in WB stock today?
[$$] Why Are Chinese Tech Innovators Now Seen as Public Nuisance?
Fri, 22 Sep 2017 04:18:14 +0000
China’s internet companies touch more aspects of people’s lives than any other sector. But they’re ill-prepared for the expectations of social responsibility that come with their influence and power, say …
Google's big bet on smartphones, AMD jumps on Tesla deal, Baidu launches self-driving car fund
Thu, 21 Sep 2017 14:51:58 +0000
Alphabet's Google, Advanced Micro Devices, Tesla, Nvidia and Calgon Carbon are among the stocks to watch.
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