Baker Hughes's most recent trend suggests a bearish bias. One trading opportunity on Baker Hughes is a Bear Call Spread using a strike $57.50 short call and a strike $62.50 long call offers a potential 17.65% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $57.50 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock rose above the $62.50 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 29.42 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Baker Hughes
Baker Hughes — Halliburton and How to Profit From the $36B Merger
Tue, 09 Dec 2014 14:24:00 GMT
US rig count rises after the oil rig count increased last week
Tue, 09 Dec 2014 14:08:26 GMT
Balyasny raises stakes in Baker Hughes Inc.
Tue, 09 Dec 2014 13:00:24 GMT
U.S. Rig Count Up on Improved Oil Drilling, Gas Rigs Flat
Mon, 08 Dec 2014 18:29:56 GMT
BAKER HUGHES SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Baker Hughes, Inc. (BHI) Over the Proposed Sale of the Company to Halliburton Co.
Sat, 06 Dec 2014 00:00:00 GMT
Business Wire – Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Baker Hughes, Inc.
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