Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $180.00 short put and a strike $170.00 long put offers a potential 20.19% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $180.00 by expiration. The full premium credit of $1.68 would be kept by the premium seller. The risk of $8.32 would be incurred if the stock dropped below the $170.00 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 47.19 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
A new search engine from WeChat could change China’s internet
Thu, 18 May 2017 08:31:12 +0000
China’s already-big WeChat is searching for how to get even bigger. The answer? Search. Today the company publicly unveiled (link in Chinese) a feature—called “Search,” simply enough—that lets users enter keywords and find relevant information. While WeChat has had a search feature in the past, this one is more powerful. It’s not quite a search…
Futures Retreat As Trump Woes Worry Investors; 4 Stocks Are In Buy Range
Wed, 17 May 2017 10:46:36 +0000
Stock futures fell early Wednesday on fresh negative headlines for President Trump. But Apple supplier Qorvo, Citigroup, Baidu and Starbucks are all in buy range right now.
Alibaba, Tencent to Ride Online Video Boom
Wed, 17 May 2017 01:07:00 +0000
Alibaba Group Holding (BABA) (USD123.70, May 16, 2017) Tencent Holdings (700.HK) (HKD258.80, May 16, 2017) Baidu Inc (BIDU) (USD189, May 16, 2017) Sohu.com Inc (SOHU) (USD40.82, May, 2017) JPMorgan is turning positive on China’s online video industry as it says evolving content strategies will drive profitability. Tencent is also rated overweight with a price target of HKD275 a share, while Baidu has a neutral rating with a price target of US$190 a share.
How Baidu Could Drive Growth At Its Streaming Business
Tue, 16 May 2017 19:31:00 +0000
After its search business was hit due to regulations on medical advertisements, Baidu appears to be looking at alternative sources of revenues. The company recently changed its mission from being the leading search services provider to becoming the leader in artificial intelligence.
Chinese Internet Stocks Soar After Weibo (WB) Earnings Impress
Tue, 16 May 2017 16:19:04 +0000
After Chinese social media giant Weibo (WB) reported better-than-expected first-quarter earnings before the bell, shares of the country's other internet players–including Alibaba (BABA), Baidu (BIDU), and Momo (MOMO)–are soaring as well.
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