Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $220.00 short put and a strike $215.00 long put offers a potential 51.52% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $220.00 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $3.30 would be incurred if the stock dropped below the $215.00 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 43.98 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Baidu
Inside Google’s Rumored Launch of a Search Engine in China
Tue, 21 Aug 2018 13:01:35 +0000
Alphabet’s (GOOGL) Google, according to an August report from The Intercept, has been facing criticism over secretly creating a search engine called Project Dragonfly to launch in China (MCHI) (FXI). Also, more than a thousand Google employees have signed a letter criticizing the company for this secretive search engine that would comply with Chinese censorship.
Baidu Inc (NASDAQ:BIDU): Financial Strength Analysis
Mon, 20 Aug 2018 16:40:16 +0000
Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider Baidu Inc (NASDAQ:BIDU). With a market valuation of CN¥77.96b, BIDU is a safeRead More…
China is now the world’s second-highest spender on TV shows after the US
Mon, 20 Aug 2018 15:59:00 +0000
China is now the world's second-highest spender on television shows after the U.S., with its annual expenditure hitting $10.9 billion in 2017. It beat the U.K., with a spend of $10 billion, into second place, according to a report by analyst IHS Markit. Both countries' program spend is dwarfed by the U.S., which spent $58.3 billion on content.
Should You Buy JD.com at Its 52-Week Low?
Sun, 19 Aug 2018 18:00:00 +0000
This growth stock trades at a bargain-bin valuation.
Tencent-backed Qutoutiao files for U.S. IPO
Sat, 18 Aug 2018 04:06:59 +0000
Qutoutiao, which means “fun headline”, collects articles and short videos from professional media and freelancers and presents customized feeds to users on its namesake mobile application. The Shanghai-based company said it plans to have its American Depository Shares listed on the Nasdaq under the ticker symbol “QTT”. The amount of money a company says it plans to raise in its first IPO filing is usually a placeholder.
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