Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $200.00 short put and a strike $190.00 long put offers a potential 13.12% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $200.00 by expiration. The full premium credit of $1.16 would be kept by the premium seller. The risk of $8.84 would be incurred if the stock dropped below the $190.00 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 71.99 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
China to promote cross-border e-commerce as incomes rise
Sun, 21 Jun 2015 03:39:52 GMT
Reuters – China will increase support for cross-border e-commerce as the world's second-largest economy shifts from manufacturing to higher-value services, the government said. China's e-commerce industry has been booming in recent years, with companies like Alibaba Group Holding Ltd (BABA.N) and JD.com Inc (JD.O) benefiting from a rising middle class with more disposable income. The government released policy guidelines on Saturday that include tax policies aimed at boosting domestic consumption and pilot projects to ease overseas payments, according to a statement posted on the central government's website www.gov.cn.
China to promote cross-border e-commerce as incomes rise
Sun, 21 Jun 2015 03:20:06 GMT
Reuters – China will increase support for cross-border e-commerce as the world's second-largest economy shifts from manufacturing to higher-value services, the government said. China's e-commerce industry has been booming in recent years, with companies like Alibaba Group Holding Ltd and JD.com Inc benefiting from a rising middle class with more disposable income. The government released policy guidelines on Saturday that include tax policies aimed at boosting domestic consumption and pilot projects to ease overseas payments, according to a statement posted on the central government's website www.gov.cn.
Trading New York for Shanghai
Sat, 20 Jun 2015 04:18:00 GMT
Barrons.com – Chinese technology firms now can’t wait to leave New York and go home to the red-hot Shanghai and Shenzhen exchanges. There are about 2,700 listed companies in China but only 24 Internet stocks, according to Credit Suisse’s Dick Wei. As a result, almost all Internet stocks sport market caps above 10 billion yuan ($1.6 billion) and they trade on average at over 150 times 2015 earnings.
4 China Stocks Fight 50-Day As Shanghai Index S inks
Fri, 19 Jun 2015 19:43:00 GMT
Should You Follow Christian Leone Into These Internet Tech Stocks?
Fri, 19 Jun 2015 15:46:02 GMT
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