Baker Hughes's most recent trend suggests a bullish bias. One trading opportunity on Baker Hughes is a Bull Put Spread using a strike $72.50 short put and a strike $67.50 long put offers a potential 15.47% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $72.50 by expiration. The full premium credit of $0.67 would be kept by the premium seller. The risk of $4.33 would be incurred if the stock dropped below the $67.50 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 66.93 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
Will Baker Hughes and Halliburton Ever Catch up With Schlumberger?
Fri, 04 Jul 2014 17:04:24 GMT
US rig count rose 1 to 1,874
Thu, 03 Jul 2014 18:01:38 GMT
US rig count rose 1 to 1,874
Thu, 03 Jul 2014 18:01:38 GMT
Wall Street Transcript Interview with Dale Dusterhoft, the CEO and Director of Trican Well Service Ltd. (TCW.TO)
Thu, 03 Jul 2014 17:42:00 GMT
Top Large-Cap Growth Funds Defy The Odds
Tue, 01 Jul 2014 22:01:00 GMT
Investor's Business Daily – The average large-cap growth fund has been left in the dust by its small- and midcap growth counterparts as well as the broad stock market over the past 15 years. But the top-performing large-cap growth …
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