Baker Hughes Offering Possible 7.99% Return Over the Next 9 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 7.99% return on risk over the next 9 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 $0.37 would be kept by the premium seller. The risk of $4.63 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 below 20 which suggests that the stock is in oversold 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

6:01 am Baker Hughes announces international rig count for Dec 2013 was 1,335, up 24 from the 1,311 counted in Nov 2013, and up 82 from the 1,253 counted in Dec 2012
Wed, 08 Jan 2014 22:42:27 GMT
Briefing.com – 6:01 am Baker Hughes announces international rig count for Dec 2013 was 1,335, up 24 from the 1,311 counted in Nov 2013, and up 82 from the 1,253 counted in Dec 2012

Your first trade for Thursday
Wed, 08 Jan 2014 19:42:42 GMT
CNBC – The “Fast Money” traders share their final trades of the day.

FMHR Final Trade
Wed, 08 Jan 2014 17:58:00 GMT
CNBC – The FMHR traders reveal their final trades.

Baker Hughes Announces December 2013 Rig Counts
Wed, 08 Jan 2014 12:23:26 GMT
noodls – HOUSTON, Jan. 8, 2014 /PRNewswire/ — Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for December 2013 was 1,335, up 24 from the 1,311 counted in November 2013, and …

Baker Hughes downgraded by RBC Capital Mkts
Wed, 08 Jan 2014 11:24:11 GMT

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