Helmerich & Payne (HP) Offering Possible 9.89% Return Over the Next 8 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 9.89% return on risk over the next 8 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 $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $60.00 long call 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 down which suggests that the medium-term momentum for Helmerich & Payne is bearish.

The RSI indicator is at 33.45 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Helmerich & Payne

1 Analyst Downgrade Sent Shares of Rig Companies Plummeting in May
Mon, 05 Jun 2017 16:32:00 +0000
If Goldman Sachs isn't excited about oil and gas drilling, then everyone has to sell, right?

Are Super Rigs The Driver Behind The New Shale Boom?
Sun, 04 Jun 2017 21:00:00 +0000
U.S. shale’s recipe for surviving the downturn in oil prices, cost cuts and efficiency, has led to new developments and technology in the oil fields

3 Fire-Sale Stocks: Will They Bounce Back or Burn You?
Sun, 04 Jun 2017 13:20:00 +0000
Shares of Transocean, Helmerich & Payne, and Ford Motor Company have hit the skids lately. Here's why.

Will Self-Driving Oil Rigs Hit The Market Before Self-Driving Cars?
Thu, 01 Jun 2017 21:00:00 +0000
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.

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