Baidu's most recent trend suggests a bearish bias. One trading opportunity on Baidu is a Bear Call Spread using a strike $150.00 short call and a strike $155.00 long call offers a potential 40.85% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $150.00 by expiration. The full premium credit of $1.45 would be kept by the premium seller. The risk of $3.55 would be incurred if the stock rose above the $155.00 long call 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 down which suggests that the medium-term momentum for Baidu is bearish.
The RSI indicator is at 36.3 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
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BAIDU ALERT: Bragar Eagel & Squire, P.C. is Investigating Baidu, Inc. on Behalf of Baidu Stockholders and Encourages Investors to Contact the Firm
Sat, 27 Nov 2021 10:00:00 +0000
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Didi reportedly told to delist from NYSE by Chinese regulators
Fri, 26 Nov 2021 14:50:28 +0000
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Fri, 26 Nov 2021 14:36:56 +0000
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