Baidu's most recent trend suggests a bearish bias. One trading opportunity on Baidu is a Bear Call Spread using a strike $177.50 short call and a strike $182.50 long call offers a potential 12.61% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $177.50 by expiration. The full premium credit of $0.56 would be kept by the premium seller. The risk of $4.44 would be incurred if the stock rose above the $182.50 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 26.24 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
Baidu CEO defends state support of Chinese firms
Thu, 09 Mar 2017 07:05:26 GMT
Baidu CEO defends state support of Chinese firms
Wed, 08 Mar 2017 21:13:24 GMT
AFP – State support for private firms is crucial in China's market, the head of the mainland's online search giant Baidu said Thursday, following complaints from European businesses that Beijing-backed firms are pushing out foreign competitors. “I think state support of private companies is absolutely necessary. In the Chinese economy, the government wields a very important role… such as to provide data to allow companies to do better research,” chief executive Robin Li said on the sidelines of annual parliament meetings being held this week in Beijing.
China Unicom Rising On Mixed-Ownership Reform Rumors, Again
Wed, 08 Mar 2017 05:47:00 GMT
Why Baidu Inc. Probably Won't Spin Off iQiyi.com
Tue, 07 Mar 2017 16:17:00 GMT
These 3 Tech Giants Are Triggering Buy Signals in March – Plus One to Sell
Tue, 07 Mar 2017 12:00:00 GMT
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