Baidu (BIDU) Offering Possible 63.93% Return Over the Next 24 Calendar Days

Baidu's most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $132.00 short put and a strike $127.00 long put offers a potential 63.93% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $132.00 by expiration. The full premium credit of $1.95 would be kept by the premium seller. The risk of $3.05 would be incurred if the stock dropped below the $127.00 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 65.72 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

REFILE-WPP appoints former Baidu executive Ya-Qin Zhang to board
Mon, 26 Oct 2020 08:12:02 +0000
WPP, the world's biggest advertising company, on Monday named former Baidu Inc president Ya-Qin Zhang as a non-executive director, adding technological heft as it grapples with rising competition from digital marketing. The company has been looking to simplify its business after clients complained it was too slow and unwieldy, prompting them to take some ad work in house and others to go directly to tech giants, including Facebook Inc and Alphabet Inc's Google.

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Fri, 23 Oct 2020 11:11:00 +0000
Bristol Myers Squibb (NYSE: BMY), Baidu (NASDAQ: BIDU), and Morgan Stanley (NYSE: MS) are stocks that can give you some solid bang for your buck. Despite the bullishness around healthcare stocks this year (the Health Care Select Sector SPDR ETF is up 4% in 2020), there hasn't been much love thrown Bristol Myers Squibb's way. Bristol Myers Squibb has simply been out of the spotlight, and while that doesn't make it a bad stock, it does mean it's gotten lost amid all the hype.

When To Buy The Best Growth Stocks: How To Analyze A Stock's Cup With Handle
Wed, 21 Oct 2020 14:20:07 +0000
The cup with handle chart pattern is to serious investors what the single is to a baseball fan. It's the starting point for scoring runs.

Driverless Race Accelerates: Who is Leading the Game?
Tue, 20 Oct 2020 14:00:02 +0000
Auto and tech giants are intensifying competition for driverless cars in the AV space, wherein Alphabet (GOOGL), Tesla (TSLA) and General Motors (GM) are the frontrunners.

Is Baidu Stock A Buy Right Now? Here's What BIDU Stock Chart, Earnings Show
Mon, 19 Oct 2020 16:04:19 +0000
Baidu controls 75% of internet search in China. Here is what the fundamentals and technical analysis say about buying BIDU stock now.

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