Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $165.00 short put and a strike $155.00 long put offers a potential 8.93% 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 $165.00 by expiration. The full premium credit of $0.82 would be kept by the premium seller. The risk of $9.18 would be incurred if the stock dropped below the $155.00 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 69.48 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
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Wed, 11 Dec 2013 21:26:16 GMT
Seeking Alpha – Baidu Inc. ( BIDU ) is a Chinese company involved in providing web search services. The company was established in 2000 and is headquartered in Beijing, China. In addition to their core web search products, …
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Wed, 11 Dec 2013 14:40:50 GMT
Minyanville – I can't help but wonder if “Crisis Over” is like President Bush's “Mission Accomplished.”
Mission Accomplished
Wed, 11 Dec 2013 14:29:15 GMT
Minyanville – I can't help but wonder if “Crisis Over” is like President Bush's “Mission Accomplished.”
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