Baker Hughes (BHI) Offering Possible 24.69% Return Over the Next 10 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 $62.50 short call and a strike $67.50 long call offers a potential 24.69% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $62.50 by expiration. The full premium credit of $0.99 would be kept by the premium seller. The risk of $4.01 would be incurred if the stock rose above the $67.50 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 below 20 which suggests that the stock is in oversold territory.

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

The Zacks Analyst Blog Highlights: Baker Hughes, Halliburton, Schlumberger, Emerge Energy Services and Walgreen
Tue, 07 Oct 2014 12:32:24 GMT

6:02 am Baker Hughes announced that the international rig count for September 2014 was 1,323, down 16 from the 1,339 counted in August 2014, and up 39 from the 1,284 counted in September 2013
Tue, 07 Oct 2014 10:02:00 GMT

Baker Hughes Announces September 2014 Rig Counts
Tue, 07 Oct 2014 10:00:00 GMT
PR Newswire – HOUSTON, Oct. 7, 2014 /PRNewswire/ — Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for September 2014 was 1,323, down 16 from the 1,339 counted in August 2014, …

U.S. Rig Count Down by 9 Mainly on Lesser Natural Gas Rigs
Mon, 06 Oct 2014 18:40:03 GMT

Total US rigs hold near 2-year high despite last week’s fall
Mon, 06 Oct 2014 15:13:50 GMT

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