Baidu’s most recent trend suggests a bearish bias. One trading opportunity on Baidu is a Bear Call Spread using a strike $160.00 short call and a strike $170.00 long call offers a potential 5.6% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $160.00 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $9.47 would be incurred if the stock rose above the $170.00 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 below 20 which suggests that the stock is in oversold territory.
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 central committee meeting
Mon, 11 Nov 2013 13:20:00 GMT
CNBC – China’s top leaders are meeting, and it’s expected to be over major economic reform. David Riedel, Riedel Research Group, says China’s economy absolutely needs “much more of a safety net,” and …
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Fri, 08 Nov 2013 19:22:20 GMT
Seeking Alpha – Online search aspirant Qihoo 360 ( QIHU ) is back in the headlines, this time by boosting its targets as it gains ground on market leader Baidu ( BIDU ). At the same time, the company is also watching …
DU Battery Saver Goes Social With Fun Battery Skin Feature
Thu, 07 Nov 2013 18:49:08 GMT
Marketwired – If you think that smartphone battery images can only appear one way — green, blue or boring — think again. Baidu , the world’s leading Chinese search engine, today announced that its popular app DU Battery …
Midday movers: Twitter, Tesla, J.C. Penney & more
Thu, 07 Nov 2013 17:55:30 GMT
CNBC – Take a look at some of Thursday midday movers:
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