Baidu's most recent trend suggests a bearish bias. One trading opportunity on Baidu is a Bear Call Spread using a strike $240.00 short call and a strike $260.00 long call offers a potential 238.98% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $240.00 by expiration. The full premium credit of $14.10 would be kept by the premium seller. The risk of $5.90 would be incurred if the stock rose above the $260.00 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 at 23.24 level which suggests that the stock is neither overbought nor oversold at this time.
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Wed, 04 Apr 2018 13:01:39 +0000
Baidu (BIDU) recently received permits to test its autonomous driving technology on the streets of Beijing, becoming the first company to receive such permits. Baidu aims to carry out open road tests of its driverless cars in designated areas of the Chinese capital. Beijing has set aside 33 roads covering 65 miles in less-populated parts of the city for autonomous driving trials.
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