Baidu (BIDU) Offering Possible 10.5% Return Over the Next 37 Calendar Days

Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $200.00 short put and a strike $190.00 long put offers a potential 10.5% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $200.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $9.05 would be incurred if the stock dropped below the $190.00 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 62.32 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

TRADER: Amazon and Chinese tech stocks are ‘about to rip'
Mon, 11 Jan 2021 19:29:07 +0000
JC Parets, CMT, Founder & Chief Strategist at allstarcharts.com, joins Yahoo finance's Jared Blikre to chart the breakout in Amazon as well as Chinese internet stocks.

Chinese Internet Giant Baidu Earns Relative Strength Rating Upgrade
Mon, 11 Jan 2021 19:27:00 +0000
Baidu had its Relative Strength (RS) Rating upgraded from 87 to 92 Monday. It has 95 Compsite Rating. When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.

Baidu Confirms Plans to Join the Smoking Hot EV Market
Mon, 11 Jan 2021 18:31:00 +0000
In a press release on Monday, Baidu (NASDAQ: BIDU) confirmed that it was entering the red-hot electric-vehicle (EV) market. The company plans to set up an independent subsidiary company to make smart EVs, partnering with privately held Chinese auto maker Zhejiang Geely Holding Group, which will also be a strategic investor in the new venture. This confirms rumors circulating since mid-December that Baidu had held talks with numerous Chinese automakers regarding a collaboration, including Zhejiang Geely Holding Group, Guangzhou Automobile, and China FAW Group.

3 Stocks to Avoid This Week
Mon, 11 Jan 2021 14:05:00 +0000
Blink Charging energized bulls with a 3% gain, more than making back the setback it experienced earlier in the week. Baidu shares soared 11% last week. The S&P 500 moved 1.8% higher in that time, so the three stocks I picked to tumble more than doubled the market's return.

Dow Jones Today, Stocks Slump As Trump Ban Slams Twitter, Lilly Soars On Alzheimer's News, Boeing Slips After 737 Crash
Mon, 11 Jan 2021 13:56:51 +0000
Boeing fell hard on the Dow Jones today, following a 737 airliner crash reported in Indonesia. China issues faced some pressure, as a White House investing ban took effect, and Bitcoin-related issues skidded as the cryptocurrency fell sharply after its steep run up to a record high on Friday. The Dow industrials trimmed losses to 0.4%, after posting a 250-point drop at the open.

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