Baker Hughes (BHI) Offering Possible 30.89% Return Over the Next 31 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 $53.00 short call and a strike $58.00 long call offers a potential 30.89% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $53.00 by expiration. The full premium credit of $1.18 would be kept by the premium seller. The risk of $3.82 would be incurred if the stock rose above the $58.00 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 23.09 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 Declares Quarterly Dividend
Wed, 22 Oct 2014 19:51:23 GMT
noodls – HOUSTON, Oct. 22, 2014 /PRNewswire/ — Baker Hughes Incorporated (NYSE: BHI) Chairman and Chief Executive Officer, Martin S. Craighead, announced today that the Baker Hughes Board of Directors declared …

Baker Hughes Declares Quarterly Dividend
Wed, 22 Oct 2014 19:38:00 GMT
PR Newswire – HOUSTON, Oct. 22, 2014 /PRNewswire/ — Baker Hughes Incorporated (NYSE: BHI) Chairman and Chief Executive Officer, Martin S. Craighead, announced today that the Baker Hughes Board of Directors declared …

BAKER HUGHES INC Files SEC form 10-Q, Quarterly Report
Tue, 21 Oct 2014 19:47:21 GMT

Halliburton, Baker Hughes buy more sand, railcars as demand piles up
Tue, 21 Oct 2014 19:35:28 GMT

Must-know: US rig count loses some steam
Tue, 21 Oct 2014 19:29:42 GMT

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