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 69.49% return on risk over the next 24 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 $2.05 would be kept by the premium seller. The risk of $2.95 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 39.15 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
China's Tech Stocks Mired in Trade & Other Woes: What Next?
Sat, 25 Aug 2018 06:05:06 +0000
Investors' concerns over a slowdown in Chinese economy and trade disputes with the United States have been weighing on Chinese tech stocks.
Here’s Why Baidu Can Comfortably Fund Its Buyback Program
Fri, 24 Aug 2018 14:31:04 +0000
In June, Baidu (BIDU) announced a plan to repurchase up to $1.0 billion of its stock within a year under what it called its 2018 share repurchase program. Baidu said it would fund its new repurchase program using existing cash. Baidu exited the second quarter with $19.4 billion in cash—more than enough to cover the cost.
Alibaba Stock Is Leading the China Charge After a Strong First Quarter
Fri, 24 Aug 2018 14:28:23 +0000
It’s safe to say that China tech stocks are back, and that e-commerce and cloud giant Alibaba (NYSE:BABA) is leading the charge. Alibaba just reported really strong first quarter numbers that beat top and bottom line expectations, and comprised a stunning 60%-plus revenue growth rate. Alibaba stock is struggling for gains after that report, but the stock is up 4% over the past several days.
Baidu: Advertisers Are Returning
Fri, 24 Aug 2018 13:01:23 +0000
Baidu’s (BIDU) recovery in the online advertising business is continuing—and at a faster pace. Advertisers fled Baidu after a medical ad scandal sparked a crackdown that pushed some marketers off of Baidu’s platform. The loss of advertisers slowed revenue growth at Baidu and for some time sank the company into financial losses.
What China Could Offer Google
Fri, 24 Aug 2018 12:12:51 +0000
Alphabet’s (GOOGL) Google has recently been linked to plans to re-introduce its online search service in China. However, Google has reportedly said a China-compliant search product is still in the exploration stage, so there is no telling when or if it will actually launch. China presents a huge revenue opportunity for digital advertising providers, including Google.
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