Baidu’s most recent trend suggests a bearish bias. One trading opportunity on Baidu is a Bear Call Spread using a strike $227.50 short call and a strike $232.50 long call offers a potential 91.57% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $227.50 by expiration. The full premium credit of $2.39 would be kept by the premium seller. The risk of $2.61 would be incurred if the stock rose above the $232.50 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 74.55 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Baidu
China Plans Crackdown on Social Media ‘Fake News’ and These Big Tech Names Tank
Fri, 11 Aug 2017 09:50:00 +0000
China enacted tough online censorship rules in June
[$$] China probes Tencent, Baidu, Sina for allowing subversive content
Fri, 11 Aug 2017 09:03:24 +0000
Chinese tech giants Tencent, Baidu and Sina Weibo are under investigation by regulators for allowing the spread of material that authorities claim “harms the social order”. The government’s recent …
China investigates top local social media sites in push to control content
Fri, 11 Aug 2017 08:40:14 +0000
China is investigating its top social media sites, including WeChat and Weibo, for failing to comply with cyber laws, the latest step in the country’s push to secure the internet and maintain strict Communist Party control over content. President Xi Jinping has made China’s “cyber sovereignty” a top priority and has also reasserted the ruling party’s role in limiting and guiding online discussion. Surveillance is being further tightened ahead of the 19th National Congress of the Communist Party later this year, when global attention will be on news coming from the world’s No.2 economy.
Chinese startup Toutiao raising funds at over $20 bln valuation -sources
Fri, 11 Aug 2017 07:25:59 +0000
Chinese news aggregator Toutiao, backed by Sequoia Capital and CCB International, is raising at least $2 billion at a valuation of over $20 billion in its latest funding round, people familiar with the matter told Reuters. The fundraising comes after the startup raised $1 billion at a $11 billion valuation towards the end of 2016, according to two of the people.
[$$] WeChat, Weibo Among Targets in China Cybersecurity Probe
Fri, 11 Aug 2017 06:46:25 +0000
China’s internet regulator is investigating whether some of the country’s biggest social-media platforms violated a new cybersecurity law by hosting content including “violent terrorism, fake rumors and …
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