Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $202.50 short put and a strike $197.50 long put offers a potential 19.9% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $202.50 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $4.17 would be incurred if the stock dropped below the $197.50 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 61.6 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Baidu
Uber is asking its investors for more money to expand in China
Thu, 11 Jun 2015 22:43:42 GMT
BMW, Baidu will start testing self-driving cars in China later this year
Thu, 11 Jun 2015 18:40:07 GMT
MarketWatch – Baidu isn’t as far along with a driverless car as remarks from an executive had suggested.
Beyond Alibaba: More China Internet Picks
Wed, 10 Jun 2015 19:49:00 GMT
Baidu’s self-driving car could arrive this year
Wed, 10 Jun 2015 18:21:29 GMT
MarketWatch – Baidu could beat Google to launching a self-driving car.
China tech giant Baidu to develop driverless car: media
Wed, 10 Jun 2015 07:17:33 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook