Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $162.50 short put and a strike $157.50 long put offers a potential 39.28% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $162.50 by expiration. The full premium credit of $1.41 would be kept by the premium seller. The risk of $3.59 would be incurred if the stock dropped below the $157.50 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 34.17 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 (BIDU) to Report Q2 Earnings: What's in the Offing?
Tue, 10 Aug 2021 14:54:02 +0000
Baidu's (BIDU) second-quarter results are likely to reflect gains from the AI business, autonomous driving efforts and the iQIYI segment.
3 Tech Stocks That Turned $10,000 Into Over $500,000
Tue, 10 Aug 2021 12:48:50 +0000
The legendary investor Peter Lynch coined the term “multibagger” in his evergreen investing book One Up on Wall Street to describe stocks that have more than doubled in price. Growth-oriented investors often seek out multibagger stocks in the tech sector, which has more than its fair share of high-growth and disruptive companies. It might seem tough to find the next big multibagger in this diverse sector, but studying a few stocks that previously crossed that threshold might help investors identify the upcoming winners.
5 Growth Stocks With 110% to 393% Upside, According to Wall Street
Tue, 10 Aug 2021 10:06:00 +0000
Based on the highest price target issued by a Wall Street investment bank or analyst, the following five growth stocks are expected to return 110% to as much as 393% to shareholders. The first rapidly growing stock with abundant upside, at least according to investment firm D.A. Davidson, is cryptocurrency brokerage and ecosystem Coinbase Global (NASDAQ: COIN). If the lofty $650 price target set by D.A. Davidson comes to fruition, Coinbase would deliver gains of 152% to its shareholders, relative to where it closed this past weekend.
Were Hedge Funds Right About Baidu, Inc. (BIDU)?
Mon, 09 Aug 2021 13:34:31 +0000
We at Insider Monkey have gone over 866 13F filings that hedge funds and prominent investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of March 31st. In this article, we look at what those funds think of Baidu, Inc. (NASDAQ:BIDU) based on that data. […]
Chinese Stock Crisis? These Trade Near Cash Value
Sun, 08 Aug 2021 09:45:43 +0000
The recent sell-off in Chinese stocks has driven Baidu (BIDU) and Alibaba (BABA) near their cash values, providing a good entry point for value investors with a long-term horizon. Analysts see the shares of the two companies trading 75.37% and 40.18% higher, 12 months from now. The world “crisis” is written with two characters in Chinese: one character that means “danger” and another that means “opportunity.” The recent crash in China’s listed shares presents both a threat and an opportunity for
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