Helmerich & Payne (HP) Offering Possible 13.64% Return Over the Next 10 Calendar Days

Helmerich & Payne's most recent trend suggests a bearish bias. One trading opportunity on Helmerich & Payne is a Bear Call Spread using a strike $55.00 short call and a strike $60.00 long call offers a potential 13.64% 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 $55.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock rose above the $60.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Helmerich & Payne 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 Helmerich & Payne is bearish.

The RSI indicator is at 36 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

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Last week, drilling giant Helmerich & Payne purchased Motive Drilling Technologies providing a glimpse into the future of drilling and automation

Dallas-based oil & gas tech firm bought for $75 million
Wed, 31 May 2017 20:10:09 +0000
Dallas-based Motive Drilling Technologies, Inc. has entered into an agreement to be bought by a massive oil and gas drilling company. Tulsa, Oklahoma-based Helmerich & Payne (HP) will acquire Motive for $75 million at closing plus a possible $25 million additional based on performance. Motive will continue to be based in Dallas and executives will remain in place.

Why Microsoft Acquired Hexadite
Wed, 31 May 2017 11:41:06 +0000
In the week ended May 26, 2017, Microsoft (MSFT) announced the acquisition of Hexadite. Microsoft's acquisition price for Hexadite is reported to be $100 million.

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