Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $235.00 short put and a strike $230.00 long put offers a potential 43.27% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $235.00 by expiration. The full premium credit of $1.51 would be kept by the premium seller. The risk of $3.49 would be incurred if the stock dropped below the $230.00 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 60.31 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Baidu
Baidu to Showcase Leading-edge AI Technologies at CES 2018 in Las Vegas
Wed, 27 Dec 2017 18:30:58 +0000
BEIJING, Dec. 27, 2017– Baidu, Inc., announced today it will showcase its leading-edge AI technologies, products and a vibrant partner ecosystem built around the company’ s open and comprehensive AI platforms …
Baidu Forges an AI Pact with Huawei
Wed, 27 Dec 2017 15:32:01 +0000
Baidu invests $1.5 billion in research and development annually, and most of the funds are dedicated to AI research.
3 Reasons Investors Aren't Betting Against Baidu Anymore
Wed, 27 Dec 2017 15:07:00 +0000
China's online search leader is at its lowest short interest of 2017. Healthy organic revenue, widening profit margin, and a low risk rating are scaring away the bears.
A Closer Look at Alphabet in 4Q17
Wed, 27 Dec 2017 14:02:31 +0000
Alphabet's recent EPS (earnings per share) of $28.30 stemmed from total revenues of $104.6 billion.
Baidu sues Sunnyvale self-driving startup over IP theft
Tue, 26 Dec 2017 14:38:28 +0000
Chinese technology giant Baidu is suing a former executive, claiming he stole proprietary information that later formed the basis of his own self-driving car startup, Sunnyvale-based JingChi . Baidu’s suit, filed late last week in Beijing, seeks around $7.6 million in damages. JingChi CEO Wang Jing spent seven years at Baidu, eventually managing more than 5,000 engineers as the company’s senior vice president of engineering and reporting directly to the CEO, according to his LinkedIn page.
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