Baidu's most recent trend suggests a bearish bias. One trading opportunity on Baidu is a Bear Call Spread using a strike $165.00 short call and a strike $170.00 long call offers a potential 56.25% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $165.00 by expiration. The full premium credit of $1.80 would be kept by the premium seller. The risk of $3.20 would be incurred if the stock rose above the $170.00 long call 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 down which suggests that the medium-term momentum for Baidu is bearish.
The RSI indicator is at 29.54 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Baidu
(OFFICIAL)-Payments app Circle raises $60 mln in China expansion
Thu, 23 Jun 2016 09:51:08 GMT
Reuters – UK Focus – U.S (Other OTC: UBGXF – news) .-based payments app Circle has raised $60 million from Chinese investors and launched a company in China, as it seeks to expand in the world's second-largest economy. The latest funding comes from existing investor and Beijing-based tech investment fund IDG Capital Partners, as well as Chinese firms including Baidu (Xetra: A0F5DE – news) , CICC Alpha and China Everbright Limited, Circle's co-founder Jeremy Allaire said. “We're not aiming to compete with the domestic market as that would be a suicide mission given the strength of local players like Alipay and WeChat, but we can connect Chinese consumers with the euro zone and dollar markets,” Allaire told Reuters by phone.
[$$] Chinese Company in Patent Dispute With Apple Barely Exists
Thu, 23 Jun 2016 04:16:35 GMT
Circle Raises $60 Million in Funding Round Backed by Baidu, IDG
Thu, 23 Jun 2016 00:27:02 GMT
Bloomberg – Circle Internet Financial raised $60 million in a funding round backed by Baidu Inc. as the startup that allows users to send payments for free also formed a China business to win customers in the second-largest …
Chinese company in Apple patent suit nearly out of business
Wed, 22 Jun 2016 12:25:35 GMT
MarketWatch – The company suing Apple in Chinese courts has nearly gone out of business since launching the case.
Baidu Is Using Its Own Data to Measure China's Economy
Wed, 22 Jun 2016 03:55:21 GMT
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