Baker Hughes (BHI) Offering Possible 10.62% Return Over the Next 8 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 $67.00 short call and a strike $72.00 long call offers a potential 10.62% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $67.00 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $4.52 would be incurred if the stock rose above the $72.00 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 41.35 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

US rig count up 6 to 1,931
Fri, 12 Sep 2014 17:37:01 GMT

US rig count up 6 to 1,931
Fri, 12 Sep 2014 17:37:01 GMT

U.S. Energy Rig Count Rises to 1,931, Baker Hughes Says
Fri, 12 Sep 2014 17:15:11 GMT

Oil and gas rig additions boost last week’s US rig count
Wed, 10 Sep 2014 17:39:05 GMT

BAKER HUGHES INC Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosure
Wed, 10 Sep 2014 10:00:01 GMT

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