Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $252.50 short put and a strike $247.50 long put offers a potential 63.93% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $252.50 by expiration. The full premium credit of $1.95 would be kept by the premium seller. The risk of $3.05 would be incurred if the stock dropped below the $247.50 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 70.42 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
Trump's anti-China sentiment ‘detrimental' to world, Baidu president says
Wed, 24 Jan 2018 08:32:29 +0000
Ya-Qin Zhang said Baidu will continue to ramp up its investment in research and development in the U.S.
Chinese internet giant Baidu hints at further deals to bring Netflix original content to China
Wed, 24 Jan 2018 07:18:33 +0000
Baidu President Ya-Qin Zhang hinted at “a lot more exciting deals” to come for its video streaming service iQiyi.
There's a new Chinese tech trio to look out for, says investment banker
Wed, 24 Jan 2018 05:10:21 +0000
A trio of up-and-coming Chinese tech companies are now “waiting in the pipeline” for public listings, said an investment bank executive.
A Stock Analysis of Alphabet
Tue, 23 Jan 2018 19:20:10 +0000
Analyzing Alphabet’s Latest Cloud Investments
JD.Com Inc(ADR) Stock Gives Investors Second Chance at E-Commerce
Tue, 23 Jan 2018 18:29:47 +0000
Some who are reading this article may not know the name JD.com Inc (ADR) (NASDAQ:JD). Most Americans who think of online retail in China only know of Alibaba Group Holding Ltd (NYSE:BABA). Alibaba more closely resembles online auction site eBay Inc (NASDAQ:EBAY) than Amazon.com, Inc. (NASDAQ:AMZN).
Related Posts
Also on Market Tamer…
Follow Us on Facebook