Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $225.00 short put and a strike $220.00 long put offers a potential 53.85% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $225.00 by expiration. The full premium credit of $1.75 would be kept by the premium seller. The risk of $3.25 would be incurred if the stock dropped below the $220.00 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 67.88 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Baidu
Bloomberg Global Business Forum Event Wrap-Up
Wed, 26 Sep 2018 19:08:00 +0000
The Bloomberg Global Business Forum kicked off in New York City on Wednesday, Sept. 26. The Global Business Forum will turn into the One Planet Summit at 2 p.m. ET. ‘The more gender equality data we bring to life, the smarter investors can be about where they put their money,” said Michael Bloomberg.
IMF's Lagarde and Baidu CEO Li: How Tech Impacts Growth
Wed, 26 Sep 2018 14:58:11 +0000
Sep.26 — International Monetary Fund Managing Director Christine Lagarde and Baidu Chief Executive Officer Robin Li discuss "Technology as a Driver of Global Growth" at the Bloomberg Global Business Forum in New York on Sept. 26, 2018.
Softbank's ARM unveils dedicated chip design for autonomous cars
Wed, 26 Sep 2018 13:03:01 +0000
By Eric Auchard LONDON (Reuters) – Driverless car features are moving closer to mass-market production, with British chip designer ARM introducing the first in a new line of safety-hardened processors …
Inside the Yandex-Hepsiburada Partnership
Wed, 26 Sep 2018 13:02:51 +0000
Yandex.Market has partnered with Turkey’s Hepsiburada on an online retail program, according to Turkish newspaper Daily Sabah. Yandex.Market is an e-commerce platform operated as a joint venture of Yandex (YNDX) and Russian lender Sberbank. Hepsiburada is Turkey’s leading e-commerce operator, whose marketplace is used by over 20,000 leading sellers and 2,000 brands across Turkey.
JD.com Stock Continued Its Downward Spiral on September 24
Tue, 25 Sep 2018 20:45:57 +0000
China-based (FXI) Internet giant JD.com (JD) saw its stock fall 7.5% on September 24 and closed trading at $24.51. JD.com lost ~$2.7 billion in market value on the day. The stock is currently trading 0.5% above its 52-week low of $24.38 and 52.0% below its 52-week high of $50.68. The stock has lost 41.0% year-to-date and 22.0% in September.
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