Baker Hughes Offering Possible 10.13% Return Over the Next 23 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 $55.00 short put and a strike $50.00 long put offers a potential 10.13% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.00 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $4.54 would be incurred if the stock dropped below the $50.00 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 above 80 which suggests that the stock is in overbought 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

BAKER HUGHES INC Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year
Fri, 25 Oct 2013 10:03:25 GMT

Baker Hughes Declares Quarterly Dividend
Fri, 25 Oct 2013 10:00:00 GMT
PR Newswire – HOUSTON, Oct. 25, 2013 /PRNewswire/ — Baker Hughes Incorporated (NYSE: BHI) Chairman and Chief Executive Officer, Martin S. Craighead, announced today that the Baker Hughes Board of Directors declared …

Lukoil Pumps Oil at West Qurna-2, Sees Sales by Year-End
Fri, 25 Oct 2013 09:57:47 GMT
Bloomberg – OAO Lukoil, Russia’s second-largest oil producer, pumped the first oil from the West Qurna-2 project in Iraq and expects to start sales this year, helping the war- ravaged nation expand output and rebuild …

Tuscany International Drilling, Inc.: Financial snapshot
Thu, 24 Oct 2013 21:36:03 GMT
Market Realist – Tuscany International Drilling, Inc.: Financial snapshot Tuscany has a short operating history, but based on the previous few quarters and discussions with management, we have a sense of what the…

Tuscany International Drilling, Inc.: Catalyst overview
Thu, 24 Oct 2013 19:36:05 GMT
Market Realist – Tuscany International Drilling, Inc.: Catalyst overview Investors are recommended to reanalyze the Tuscany situation for a number of reasons. First, Tuscany seems to have a liquidity problem, not an operational……

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