Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $252.50 short put and a strike $247.50 long put offers a potential 30.89% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $252.50 by expiration. The full premium credit of $1.18 would be kept by the premium seller. The risk of $3.82 would be incurred if the stock dropped below the $247.50 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 62.47 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
[$$] The Uncomfortable Marriage Between China and Its Tech Giants
Thu, 08 Mar 2018 16:01:00 +0000
In China’s tech world, cheerleading from the government comes with a lot of benefits—and a lot of money. But Beijing also wants more control and the nation’s internet billionaires can’t exactly say no….
A Closer Look at Baidu Stock
Thu, 08 Mar 2018 15:32:10 +0000
A Review of Baidu in the Wake of Its 4Q17 Results
Goodbye, Gary Cohn. Hello, Coke Beverages With Alcohol
Thu, 08 Mar 2018 14:57:00 +0000
Trump’s knowledgeable chief economic advisor quit this week. But in more upbeat news, Coca-Cola is debuting an adult fizzy drink.
Why Baidu’s Research and Development Costs Are Rising
Thu, 08 Mar 2018 14:02:56 +0000
A Review of Baidu in the Wake of Its 4Q17 Results
Why Apple’s China Data Handover Generated Heat
Thu, 08 Mar 2018 12:32:03 +0000
Privacy and human rights groups, including Amnesty International, took issue with Apple’s (AAPL) decision to hand over its iCloud data to China. On February 28, 2018, Apple began relocating iCloud data belonging to its customers in China to a new data center in China that will be operated by a local partner.
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