Baker Hughes (BHI) Offering Possible 5.93% Return Over the Next 18 Calendar Days

Baker Hughes's most recent trend suggests a bearish bias. One trading opportunity on Baker Hughes is a Bear Call Spread using a strike $72.50 short call and a strike $77.50 long call offers a potential 5.93% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $72.50 by expiration. The full premium credit of $0.28 would be kept by the premium seller. The risk of $4.72 would be incurred if the stock rose above the $77.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Baker Hughes 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 Baker Hughes is bearish.

The RSI indicator is at 73.93 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 Baker Hughes

Baker Hughes Announces 2014 Analyst Conference
Tue, 29 Apr 2014 20:00:00 GMT
PR Newswire – HOUSTON, April 29, 2014 /PRNewswire/ — Baker Hughes Incorporated (NYSE: BHI) announced today that it will hold its 2014 Analyst Conference in Tomball, Texas on Thursday, May 8 and Friday, May 9, 2014. …

BAKER HUGHES INC Financials
Tue, 29 Apr 2014 17:04:09 GMT

BAKER HUGHES INC Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosure, Other Event
Tue, 29 Apr 2014 16:28:23 GMT

Baker Hughes to Disclose All Chemicals It Uses in Fracking
Mon, 28 Apr 2014 15:54:46 GMT

After A Great Run, Baker Hughes Still Has An Attractive Valuation
Sun, 27 Apr 2014 14:02:47 GMT

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