Baidu (BIDU) Offering Possible 45.99% Return Over the Next 29 Calendar Days

Baidu’s most recent trend suggests a bullish bias. One trading opportunity on Baidu is a Bull Put Spread using a strike $195.00 short put and a strike $185.00 long put offers a potential 45.99% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $195.00 by expiration. The full premium credit of $3.15 would be kept by the premium seller. The risk of $6.85 would be incurred if the stock dropped below the $185.00 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 27.37 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Baidu

Search engine Baidu becomes first China firm to join U.S. AI ethics group
Wed, 17 Oct 2018 05:49:37 +0000
Chinese search engine Baidu Inc (BIDU.O) has become the first Chinese company to join an artificial intelligence (AI) ethics group led by top U.S. tech firms, amid wider political clashes over AI competition between China and the United States. The Partnership on AI (PAI), which counts Alphabet Inc’s (GOOGL.O) Google, Apple Inc (AAPL.O) and Facebook Inc (FB.O) as members, is a body that develops ethical guidelines for AI research, including ensuring research does not violate international conventions or human rights.

Baidu Inc. (BIDU) Gains But Lags Market: What You Should Know
Tue, 16 Oct 2018 21:45:09 +0000
Baidu Inc. (BIDU) closed at $203.21 in the latest trading session, marking a +1.54% move from the prior day.

Facebook’s Workplace Product Is on Fire
Tue, 16 Oct 2018 11:32:15 +0000
Earlier this month, Facebook (FB) hosted the first global summit for its Workplace product. Launched two years ago, Workplace is a collaborative platform designed for corporate environments. It supports instant messaging between colleagues, group communication, and social networking within an organization.

Google CEO on censored search app in China: We could serve ‘well over 99 percent of queries’
Tue, 16 Oct 2018 02:16:00 +0000
Google CEO Sundar Pichai confirmed the company’s internal project to build a censored search app for the Chinese market. Google’s “Project Dragonfly,” first reported by The Intercept earlier this summer, built a product that would block search results for queries that the Chinese government deemed sensitive, like “human rights” and “student protest.” Pichai said on stage at Wired’s 25th anniversary summit in San Francisco that the efforts were in their early stages, but that Google wanted to experiment with how a Chinese search app could work.

What Alphabet Might Do if the EU’s Ruling Appeal Prevails
Mon, 15 Oct 2018 20:35:02 +0000
Alphabet’s (GOOGL) Google is seeking to overturn the July decision by the European Union’s antitrust watchdog that it had abused the market dominance of its Android OS (operating system) for several years.

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