Baker Hughes's most recent trend suggests a bearish bias. One trading opportunity on Baker Hughes is a Bear Call Spread using a strike $53.50 short call and a strike $58.50 long call offers a potential 31.23% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $53.50 by expiration. The full premium credit of $1.19 would be kept by the premium seller. The risk of $3.81 would be incurred if the stock rose above the $58.50 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
U.S. Rig Count Down by 12 Mainly Due to Lesser Oil Rigs
Mon, 20 Oct 2014 20:25:44 GMT
Memorandum of Understanding with Baker Hughes [MSC]
Mon, 20 Oct 2014 06:04:11 GMT
noodls – NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS …
It was a week of weeks…
Fri, 17 Oct 2014 20:30:00 GMT
US rig count down 12 to 1,918
Fri, 17 Oct 2014 18:27:33 GMT
US rig count down 12 to 1,918
Fri, 17 Oct 2014 18:27:33 GMT
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