Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $187.50 short put and a strike $182.50 long put offers a potential 34.05% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $187.50 by expiration. The full premium credit of $1.27 would be kept by the premium seller. The risk of $3.73 would be incurred if the stock dropped below the $182.50 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 64.88 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
Global Events Create Two-Way Markets
Mon, 04 Apr 2016 09:14:46 GMT
Behind Baidu’s Strategy to Expand Its O2O Space in Mapping
Sun, 03 Apr 2016 23:06:35 GMT
Google ‘Needs To Look Back To China’ To Boost Growth, Says Edison
Fri, 01 Apr 2016 20:05:05 GMT
What Analysts Are Recommending for Baidu Now
Fri, 01 Apr 2016 15:08:19 GMT
Market Realist – Out of 31 analysts covering Baidu, 22 have issued “buy” recommendations, one issued a “sell” recommendation, and eight issued “hold” recommendations.
Baidu’s Revenue Growth Drivers for Fiscal 3Q16
Fri, 01 Apr 2016 13:07:35 GMT
Market Realist – When Baidu revealed its financials for fiscal 3Q15, the market reaction was positive, with the company's stock price rising by 10% in after-hours trading.
Related Posts
Also on Market Tamer…
Follow Us on Facebook