Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $245.00 short put and a strike $240.00 long put offers a potential 53.85% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $245.00 by expiration. The full premium credit of $1.75 would be kept by the premium seller. The risk of $3.25 would be incurred if the stock dropped below the $240.00 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 63.21 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
Will Google's AI Investment in Beijing Bear Fruit?
Sun, 08 Oct 2017 11:34:00 +0000
Google products are largely banned in China. Can the search giant break that streak with artificial intelligence?
Baidu Wants to IPO the Netflix of China
Sat, 07 Oct 2017 12:12:00 +0000
By spinning off its online streaming company, Baidu could achieve several important objectives.
Has AMD Become a Significant Threat to NVIDIA?
Sat, 07 Oct 2017 00:06:00 +0000
NVIDIA has been the undisputed leader in the GPU space for years, but AMD wants a piece of the lucrative AI market.
Buy Applied Optoelectronics (AAOI) Stock at These Discounted Prices
Fri, 06 Oct 2017 18:54:57 +0000
Since then, every rally in AAOI stock has been faded and the stock appears to be in a solid downtrend. Although the stock may be due for some turbulence in the near-term, AAOI is a materially undervalued stock with significant long-term upside from these depressed levels. AAOI makes parts for hyperscale data center operators like Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), Alibaba Group Holding Ltd (NASDAQ:BABA), and Baidu Inc (ADR) (NASDAQ:BIDU).
Apple Trumps Android in OS Upgrades: Edison
Fri, 06 Oct 2017 14:33:00 +0000
AAPL beats GOOG in adoption, but the firm favors shares of Tencent, Baidu and Microsoft.
Related Posts
Also on Market Tamer…
Follow Us on Facebook