Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $155.00 short put and a strike $145.00 long put offers a potential 42.86% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $3.00 would be kept by the premium seller. The risk of $7.00 would be incurred if the stock dropped below the $145.00 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 52.01 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
Stocks Rise With Gold as Dollar Falls on Earnings, Fed
Thu, 24 Oct 2013 20:31:48 GMT
Bloomberg – U.S. stocks climbed toward another record and gold advanced while the dollar weakened as corporate earnings topped estimates and signs of slower economic growth fueled bets the Federal Reserve will maintain …
NQ Mobile A ‘Massive Fraud' Worth $0, Muddy Waters Says As $500M Is Wiped Out In Minutes
Thu, 24 Oct 2013 20:05:00 GMT
Forbes – Chinse mobile firm NQ Mobile is in trouble after research firm Muddy Waters called the company an absolute fraud, putting a price target below $1 on it and noting it is a house of cards. Shares fell 50% in minutes, wiping out over $500 million in market share.
NQ Mobile Plunges As Muddy Waters Charges ‘Fraud'
Thu, 24 Oct 2013 18:52:00 GMT
Investor's Business Daily – NQ Mobile Plunges As Muddy Waters Charges ‘Fraud'
Interesting BIDU Put And Call Options For November 29th
Thu, 24 Oct 2013 16:07:00 GMT
Forbes – Investors in Baidu, Inc. (NASD: BIDU) saw new options begin trading today, for the November 29th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the BIDU options chain for the new November 29th contracts and identified one put and one call contract of particular interest. The […]
Yandex Boosts Revenue 40% After Extending Ad Sales to Mail.ru
Thu, 24 Oct 2013 10:01:42 GMT
Bloomberg – Yandex NV, Russia’s largest Web- search engine, reported revenue that topped analysts’ estimates, helped by online ads after the company extended its text-based advertising service to Mail.ru Group Ltd….
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