Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $225.00 short put and a strike $220.00 long put offers a potential 36.24% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $225.00 by expiration. The full premium credit of $1.33 would be kept by the premium seller. The risk of $3.67 would be incurred if the stock dropped below the $220.00 long put 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 up which suggests that the medium-term momentum for Baidu is bullish.
The RSI indicator is at 69.97 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
Chinese tech has taken hefty blows but giants like Tencent and Baidu are not out for the count
Mon, 01 Oct 2018 06:17:00 +0000
Baidu, Alibaba and Tencent, collectively known as the BATs have lost around $165 billion in value year-to-date. Each have been burdened with their own troubles and all have been impacted by the negative sentiment towards Chinese stocks as a result of the trade war with the U.S. With a home market of over a billion people, a push by the Chinese government into new technologies like AI, and continued growth of digital services, the BATs may have taken a couple of hefty blows this year, but they're certainly not down for the count.
Baidu Inc. (BIDU) Stock Moves -0.78%: What You Should Know
Fri, 28 Sep 2018 21:45:09 +0000
Baidu Inc. (BIDU) closed at $228.68 in the latest trading session, marking a -0.78% move from the prior day.
BRIEF-China Transinfo Technology Signs Framework Agreement With Baidu
Fri, 28 Sep 2018 08:49:58 +0000
Sept 28 (Reuters) – China Transinfo Technology Co Ltd : * SAYS IT SIGNS FRAMEWORK AGREEMENT WITH BAIDU TO JOIN THE LATTER'S AUTONOMOUS DRIVING PLATFORM APOLLO Source text in Chinese: https://bit.ly/2DBb6sd …
Avoid IQ Stock Until It Better Monetizes Its Platform
Thu, 27 Sep 2018 17:58:59 +0000
China’s iQiyi (NASDAQ:IQ) continues to struggle. IQ stock price has fallen by over 40% from its June highs. While the trade war will probably not weigh on iQiyi, the company’s financial results have been weak.
SOGO Stock Is an Overlooked, Undervalued Growth Machine
Thu, 27 Sep 2018 13:46:58 +0000
Everyone knows Baidu (BIDU) is the Google (GOOG) of China, but not everyone knows that second place—if you’re counting by mobile queries at least—goes to another publicly traded pick: Sogou (SOGO). Sogou was spun off from Sohu.com last November for a mere $13 per share.
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