Baker Hughes (BHI) Offering Possible 13.12% Return Over the Next 12 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 $68.00 short call and a strike $73.00 long call offers a potential 13.12% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $68.00 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock rose above the $73.00 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 46.6 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 Names Kimberly A. Ross Chief Financial Officer
Mon, 08 Sep 2014 21:24:00 GMT
PR Newswire – HOUSTON, Sept. 8, 2014 /PRNewswire/ — Baker Hughes Incorporated (NYSE: BHI) announced today that Kimberly A. Ross, has been appointed Senior Vice President and Chief Financial Officer (CFO) effective …

Baker Hughes US Rig Count Up by 11, Oil-Directed Rigs Rise
Mon, 08 Sep 2014 19:20:02 GMT

6:01 am Baker Hughes reports international rig count for August was 1,339, down 43 from the 1,382 counted in July
Mon, 08 Sep 2014 10:01:00 GMT

Baker Hughes Announces August 2014 Rig Counts
Mon, 08 Sep 2014 10:00:00 GMT
PR Newswire – HOUSTON, Sept. 8, 2014 /PRNewswire/ — Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for August 2014 was 1,339, down 43 from the 1,382 counted in July 2014, and …

US rig count up 11 to 1,925
Fri, 05 Sep 2014 17:30:01 GMT

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