Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $135.00 short put and a strike $125.00 long put offers a potential 27.71% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $135.00 by expiration. The full premium credit of $2.17 would be kept by the premium seller. The risk of $7.83 would be incurred if the stock dropped below the $125.00 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 66.45 level which suggests that the stock is neither overbought nor oversold at this time.
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Tue, 14 Jan 2020 14:00:00 +0000
Baidu, Inc. (Nasdaq: BIDU) today announced a new Smart Words Prediction feature on its Facemoji Keyboard app, which has been found to increase prediction accuracy for frequently used phrases from 53.2% to 91.6% in a test scenario.
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Mon, 13 Jan 2020 22:45:10 +0000
In the latest trading session, Baidu Inc. (BIDU) closed at $142.26, marking a -1.56% move from the previous day.
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