Baker Hughes (BHI) Offering Possible 8.7% Return Over the Next 16 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 $62.50 short put and a strike $57.50 long put offers a potential 8.7% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $62.50 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $57.50 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 73.02 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

Is there an opportunity in the energy sector?
Mon, 31 Mar 2014 19:02:49 GMT

U.S. Drilling Rig Count Up by 6
Mon, 31 Mar 2014 18:29:04 GMT

CGG and Baker Hughes Sign Exclusive Long-Term RoqSCAN Agreement as Part of Shale Science Alliance
Wed, 26 Mar 2014 06:50:42 GMT
noodls – Paris, France – 26 March 2014 CGG (NYSE/Euronext: CGG) announced today that it has signed an exclusive agreement with Baker Hughes Incorporated (NYSE: BHI) for RoqSCANTM technology offered by CGG. RoqSCAN …

CGG and Baker Hughes Sign Exclusive Long-term RoqSCAN Agreement as Part of Shale Science Alliance
Tue, 25 Mar 2014 21:57:54 GMT
noodls – HOUSTON, March 25, 2014 /PRNewswire/ — Baker Hughes Incorporated (NYSE: BHI) announced today that it has signed an exclusive agreement with CGG (NYSE/Euronext: CGG) for RoqSCAN™ technology offered by …

CGG and Baker Hughes Sign Exclusive Long-term RoqSCAN Agreement as Part of Shale Science Alliance
Tue, 25 Mar 2014 21:00:00 GMT
PR Newswire – HOUSTON, March 25, 2014 /PRNewswire/ — Baker Hughes Incorporated (NYSE: BHI) announced today that it has signed an exclusive agreement with CGG (NYSE/Euronext: CGG) for RoqSCAN™ technology offered by …

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