Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $202.50 short put and a strike $197.50 long put offers a potential 19.9% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $202.50 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $4.17 would be incurred if the stock dropped below the $197.50 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 61.6 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Baidu
Uber is asking its investors for more money to expand in China
Thu, 11 Jun 2015 22:43:42 GMT
BMW, Baidu will start testing self-driving cars in China later this year
Thu, 11 Jun 2015 18:40:07 GMT
MarketWatch – Baidu isn’t as far along with a driverless car as remarks from an executive had suggested.
Beyond Alibaba: More China Internet Picks
Wed, 10 Jun 2015 19:49:00 GMT
Baidu’s self-driving car could arrive this year
Wed, 10 Jun 2015 18:21:29 GMT
MarketWatch – Baidu could beat Google to launching a self-driving car.
China tech giant Baidu to develop driverless car: media
Wed, 10 Jun 2015 07:17:33 GMT
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