Baker Hughes Offering Possible 11.36% Return Over the Next 24 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 $57.50 short call and a strike $62.50 long call offers a potential 11.36% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $57.50 by expiration. The full premium credit of $0.51 would be kept by the premium seller. The risk of $4.49 would be incurred if the stock rose above the $62.50 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 at 73.5 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Baker Hughes

Will This Hidden Energy Gem Crush Earnings Yet Again?
Wed, 29 Jan 2014 14:14:35 GMT
Motley Fool – Core Laboratories has put together a pretty impressive streak of beating analyst expectations. Can it continue this trend with its next earnings release?

BAKER HUGHES INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
Tue, 28 Jan 2014 19:42:48 GMT

How This Oil Services Company Can Outperform in 2014
Tue, 28 Jan 2014 14:06:21 GMT
Motley Fool – It's been a difficult year for oil services companies, but Baker Hughes is positioned to do much better next year.

Baker Hughes downgraded to Sell from Neutral at Guggenheim
Tue, 28 Jan 2014 12:25:55 GMT
theflyonthewall.com – Baker Hughes downgraded to Sell from Neutral at Guggenheim

U.S. Drilling Rig Count Remains Flat
Mon, 27 Jan 2014 19:00:08 GMT
Zacks – In its weekly release, Houston-based oilfield services company Baker Hughes Inc. reported no change sequentially in the U.S. rig count.

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