Baker Hughes (BHI) Offering Possible 5.71% Return Over the Next 5 Calendar Days

Baker Hughes's most recent trend suggests a bullish bias. One trading opportunity on Baker Hughes is a Bull Put Spread using a strike $66.50 short put and a strike $61.50 long put offers a potential 5.71% return on risk over the next 5 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $66.50 by expiration. The full premium credit of $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock dropped below the $61.50 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 72.74 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

Activist Jeffrey Ubben’s Picks Blow Away S&P 500 Index in Q1
Sun, 12 Apr 2015 15:10:21 GMT

Hedge Funds Add to Long Positions as Oil Rig Count Drops by 42
Sat, 11 Apr 2015 13:20:10 GMT

Halliburton and Baker Hughes Hold Out in March
Sat, 11 Apr 2015 07:05:53 GMT

Crude Oil Prices Steady as Rig Count Slide Slows
Fri, 10 Apr 2015 23:05:57 GMT

Oilfield Service Companies Expect Drilling Activity to Slow
Fri, 10 Apr 2015 21:05:52 GMT

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