Baker Hughes Offering Possible 17.1% Return Over the Next 10 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 $52.50 short call and a strike $57.50 long call offers a potential 17.1% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $52.50 by expiration. The full premium credit of $0.73 would be kept by the premium seller. The risk of $4.27 would be incurred if the stock rose above the $57.50 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 21.09 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

U.S. Drilling Rig Count Rises by 12
Wed, 11 Dec 2013 19:50:03 GMT
Zacks – Number of rigs searching for oil and gas in U.S. was up by 12 from the previous week to 1,775.

BAKER HUGHES INC Files SEC form 8-K, Change in Directors or Principal Officers
Wed, 11 Dec 2013 11:00:57 GMT

[$$] An Oil-Services Stock Rigged for Upside
Tue, 10 Dec 2013 19:49:00 GMT
Barrons.com – Sterne, Agee & Leach We are lowering our fourth-quarter earnings-per-share estimates on Baker Hughes, Halliburton, and Schlumberger owing to weaker-than-expected fourth-quarter Canadian activity, difficult weather in the U.S. land market and disruptions in Iraq. We reiterate our Buy rating for Halliburton (HAL) and Schlumberger (SLB); our rating of Baker Hughes (BHI) remains Neutral. With Canada representing about 15% of Baker Hughs' annual North American revenue, the softness in Canada weighs on Baker Hughes more than Schlumberger and Halliburton.

9:11 am Baker Hughes Chief Financial Officer Peter Ragauss to retire next year
Mon, 09 Dec 2013 23:36:46 GMT
Briefing.com – 9:11 am Baker Hughes Chief Financial Officer Peter Ragauss to retire next year

CFO Moves: Baker Hughes, Maximus, Suncor Energy, Par Petroleum
Mon, 09 Dec 2013 21:21:59 GMT
The Wall Street Journal – Baker Hughes and Maximus said their finance chiefs are retiring; Suncor Energy named an interim CFO; Par Petroleum hired a new CFO.

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