Baker Hughes (BHI) Offering Possible 12.36% Return Over the Next 9 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 $68.50 short call and a strike $73.50 long call offers a potential 12.36% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $68.50 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock rose above the $73.50 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 21.23 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

6:02 am Baker Hughes announces international rig count for July 2014 was 1,382, up 38 from the 1,344 counted in June 2014, and up 77 from the 1,305 counted in July 2013
Thu, 07 Aug 2014 10:02:00 GMT

Baker Hughes Announces July 2014 Rig Counts
Thu, 07 Aug 2014 10:00:00 GMT
PR Newswire – HOUSTON, Aug. 7, 2014 /PRNewswire/ — Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for July 2014 was 1,382, up 38 from the 1,344 counted in June 2014, and up 77 …

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