Baker Hughes's most recent trend suggests a bullish bias. One trading opportunity on Baker Hughes is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 12.11% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.46 would be incurred if the stock dropped below the $65.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Baker Hughes 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 Baker Hughes is bullish.
The RSI indicator is at 67.1 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Baker Hughes
U.S. Rig Count Rises as Oil, Gas Drilling Improves
Mon, 23 Jun 2014 19:10:06 GMT
Schlumberger's Tech, Global Margins Under Spotlight
Mon, 23 Jun 2014 18:22:00 GMT
US rig count rose 4 to 1,858
Fri, 20 Jun 2014 22:51:24 GMT
US rig count rose 4 to 1,858
Fri, 20 Jun 2014 22:51:24 GMT
Exxon, BP Evacuate Staff In Iraq, Schlumberger Stays
Wed, 18 Jun 2014 22:57:00 GMT
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