Baidu's most recent trend suggests a bearish bias. One trading opportunity on Baidu is a Bear Call Spread using a strike $207.50 short call and a strike $212.50 long call offers a potential 23.15% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $207.50 by expiration. The full premium credit of $0.94 would be kept by the premium seller. The risk of $4.06 would be incurred if the stock rose above the $212.50 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 at 65 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 tech giant Baidu to develop driverless car: media
Wed, 10 Jun 2015 07:17:33 GMT
Baidu admits cheating in international supercomputer competition
Wed, 10 Jun 2015 00:15:00 GMT
China’s road to advanced industry runs through Germany
Mon, 08 Jun 2015 22:56:28 GMT
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Baidu Kicks Off Its ‘Indoor GPS' Rollout In China
Fri, 05 Jun 2015 17:39:00 GMT
Investor's Business Daily – China search leader Baidu (BIDU) has begun the rollout of indoor location services powered by indoor mapping provider IndoorAtlas to the 270 million monthly active users of its Baidu Maps service. IndoorAtlas …
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