Baidu (BIDU) Offering Possible 56.25% Return Over the Next 21 Calendar Days

Baidu's most recent trend suggests a bearish bias. One trading opportunity on Baidu is a Bear Call Spread using a strike $120.00 short call and a strike $125.00 long call offers a potential 56.25% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $120.00 by expiration. The full premium credit of $1.80 would be kept by the premium seller. The risk of $3.20 would be incurred if the stock rose above the $125.00 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 26.66 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

Alibaba, Baidu Estimates Slashed on Covid Lockdowns
Thu, 28 Apr 2022 10:20:46 +0000
(Bloomberg) — China’s technology giants have had their earnings estimates slashed for a second straight month amid the nation’s relentless pursuit of its Covid-Zero strategy.Most Read from BloombergFour European Gas Buyers Made Ruble Payments to RussiaA Powerful Dynasty Bankrupted Sri Lanka in Just 30 MonthsAmazon’s Twitch Seeks to Revamp Creator Pay With Focus on ProfitRussia to Cut Gas to Poland, Bulgaria Until Pay Demands MetRussia to Cut Gas to Poland and Bulgaria, Making Energy a WeaponAna

UPDATE 3-Beijing grants Baidu, Pony.ai new driverless robotaxi permits
Thu, 28 Apr 2022 04:12:22 +0000
Baidu and Pony.ai said on Thursday they had received permits to deploy robotaxis without humans in the driving seat on open Chinese roads for the first time, in another instance of Beijing city's support for the autonomous-driving sector. The permits are the latest set of approvals the municipal government has handed out over the past year to the two companies, which have been allowed to test drive their autonomous vehicles in some areas of the city. The new permits allow both companies to offer rides to the general public from cars without anyone sitting behind the steering wheels on open roads within a 60 square kilometre (23 square mile) area in the Beijing Economic and Technological Development Zone.

Baidu Wins First Driverless Permits in China for Autonomous Ride Hailing Services on Public Roads
Thu, 28 Apr 2022 03:25:00 +0000
Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) (“Baidu” or the “Company”) today received the first-ever permits in China authorizing the company to provide driverless ride-hailing services to the public on open roads in Beijing. This regulatory approval marks a significant milestone for the autonomous ride-hailing industry in China, indicating a regulatory openness to taking a further step toward a fully driverless mobility future.

Beijing grants Baidu, Pony.ai new driverless robotaxi permits
Thu, 28 Apr 2022 02:42:46 +0000
BEIJING/SHANGHAI (Reuters) -Baidu and Pony.ai said on Thursday they had received permits to deploy robotaxis without humans in the driving seat on open Chinese roads for the first time, in another instance of Beijing city's support for the autonomous-driving sector. The permits are the latest set of approvals the municipal government has handed out over the past year to the two companies, which have been allowed to test drive their autonomous vehicles in some areas of the city. The new permits allow both companies to offer rides to the general public from cars without anyone sitting behind the steering wheels on open roads within a 60 square kilometre (23 square mile) area in the Beijing Economic and Technological Development Zone.

Baidu Leads Years-Long Race for First Driverless Taxis in China
Thu, 28 Apr 2022 02:21:05 +0000
(Bloomberg) — Baidu Inc.’s ride-hailing service will deploy cars without humans behind the wheel on Chinese roads for the first time, a symbolic victory in a years-long quest to carve out businesses beyond internet advertising. Most Read from BloombergFour European Gas Buyers Made Ruble Payments to RussiaA Powerful Dynasty Bankrupted Sri Lanka in Just 30 MonthsAmazon’s Twitch Seeks to Revamp Creator Pay With Focus on ProfitRussia to Cut Gas to Poland, Bulgaria Until Pay Demands MetRussia to Cut

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