Baidu's most recent trend suggests a bearish bias. One trading opportunity on Baidu is a Bear Call Spread using a strike $190.00 short call and a strike $200.00 long call offers a potential 39.86% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $190.00 by expiration. The full premium credit of $2.85 would be kept by the premium seller. The risk of $7.15 would be incurred if the stock rose above the $200.00 long call 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 down which suggests that the medium-term momentum for Baidu is bearish.
The RSI indicator is at 43.9 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 Inc. (BIDU) Stock Sinks As Market Gains: What You Should Know
Wed, 14 Jul 2021 21:45:09 +0000
In the latest trading session, Baidu Inc. (BIDU) closed at $181.34, marking a -1.76% move from the previous day.
5 Supercharged Stocks With 115% to 177% Upside, According to Wall Street
Tue, 13 Jul 2021 09:51:00 +0000
If these ultra-bullish analysts are correct, shareholders in these fast-growing companies could be looking at big gains over the next year.
China Tech’s Stock Pain Shown in Widening Gap With U.S. Giants
Tue, 13 Jul 2021 03:26:01 +0000
(Bloomberg) — The gap between megacap technology stocks in China and the U.S. is at its widest in at least five years, as Beijing tightens its grip on some of the nation’s biggest companies.An equal-weighted basket of China’s three internet giants collectively dubbed BAT– Baidu Inc., Alibaba Group Holding Ltd. and Tencent Holdings Ltd. — fell about 2% in the 12-months through Friday, according to calculations by Bloomberg. In contrast, an equivalent portfolio of their U.S. peers — Facebook I
China’s U.S. IPO Queue to Shrink Amid Regulatory Crackdown
Tue, 13 Jul 2021 02:15:47 +0000
(Bloomberg) — China’s crackdown on U.S. initial public offerings by its companies has put its burgeoning pipeline of potential listings at risk.A medical data company, a fitness app and an e-commerce platform have, in the past week, postponed plans to go public in the U.S., as Beijing cracks down on tech and data-heavy firms listing stateside. There are about 70 other private firms based in Hong Kong and China set to go public in New York, according to data compiled by Bloomberg.The broadened s
5 “Strong Buy” Tech Stocks with at Least 30% Upside Potential
Mon, 12 Jul 2021 12:07:28 +0000
Tech stocks headed north in 2020 and delivered exceptional returns as the COVID-19 pandemic accelerated the pace of digital adoption. However, the appreciation in price does not mean that the ship has sailed and the opportunity to invest in tech stocks is gone. Using the TipRanks’ Stock Screener, we identified five “Strong Buy” tech stocks with significant upside potential. Let’s dig deeper and see what these tech stocks have going for them. Baidu (NASDAQ: BIDU) Chinese internet search giant Bai
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