Baker Hughes Offering Possible 7.76% Return Over the Next 12 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 $57.50 short put and a strike $52.50 long put offers a potential 7.76% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock dropped below the $52.50 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 66.34 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 Down by 14
Mon, 10 Feb 2014 20:10:04 GMT

Oil field service companies best energy play: Pro
Mon, 10 Feb 2014 19:52:00 GMT

6:01 am Baker Hughes announced that the international rig count for Jan 2014 was 1,325, down 10 from the 1,335 counted in Dec 2013, and up 46 from the 1,279 counted in Jan 2013
Fri, 07 Feb 2014 22:17:41 GMT
Briefing.com – 6:01 am Baker Hughes announced that the international rig count for Jan 2014 was 1,325, down 10 from the 1,335 counted in Dec 2013, and up 46 from the 1,279 counted in Jan 2013

Baker Hughes U.S. rig count down 14 to 1,771
Fri, 07 Feb 2014 18:03:40 GMT
theflyonthewall.com – Baker Hughes U.S. rig count down 14 to 1,771

Schlumberger expects double-digit 2014 earnings-per-share growth
Fri, 07 Feb 2014 17:00:11 GMT
Market Realist – Schlumberger provided guidance for 2014 on its last earnings call, and the company noted that it expects double-digit growth in EPS for 2014.

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