Helmerich & Payne (HP) Offering Possible 9.89% Return Over the Next 3 Calendar Days

Helmerich & Payne's most recent trend suggests a bullish bias. One trading opportunity on Helmerich & Payne is a Bull Put Spread using a strike $50.00 short put and a strike $45.00 long put offers a potential 9.89% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $50.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $45.00 long put strike price.

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

The RSI indicator is at 29.45 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 Helmerich & Payne

Cramer's game plan: A vicious rotation is upon us
Fri, 09 Jun 2017 22:40:08 +0000
Jim Cramer looks ahead to the stocks and events on his radar next week, including a key Federal Reserve meeting.

Here's Why Helmerich & Payne Thinks It's the Best in the Rig Business
Fri, 09 Jun 2017 13:41:00 +0000
Management is confident that its business model is well suited to meet the shale drilling industry's needs over the next several years.

3 Top Oil Stocks to Buy in June
Thu, 08 Jun 2017 16:14:00 +0000
With crude prices not where the experts had expected them to be, share prices in the oil sector are still depressed. But EOG Resources, NOW Inc., and Helmerich & Payne are poised to thrive in even a lower price-per-barrel environment.

Oil Prices Sink on Shock U.S. Crude Inventory Build
Thu, 08 Jun 2017 13:20:01 +0000
Oil prices fell to one-month lows after government figures showed a surprise increase in U.S. stocks.

The Biggest Loser: Newfield Exploration Sinks 7% as Oil Craters
Wed, 07 Jun 2017 20:26:00 +0000
Newfield Exploration (NFX) tumbled to the bottom of the S&P 500 today as oil prices plunged, causing energy stocks to plunge with it. Newfield Exploration plunged 7% to $28.90 today, while the S&P 500 …

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