TMCnet News
After Yesterday's Rally of 1.20% Shares Could Potentially PullbackJan 30, 2013 (SmarTrend(R) News Watch via COMTEX) -- Helmerich & Payne (NYSE:HP) traded in a range yesterday that spanned from a low of $62.25 to a high of $63.60. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $62.80 on volume of 2.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. SmarTrend recommended that subscribers consider buying shares of Helmerich & Payne on November 19th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.18. Since that recommendation, shares of Helmerich & Payne have risen 22.3%. We continue to monitor HP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. In the past 52 weeks, Helmerich & Payne share prices have been bracketed by a low of $38.71 and a high of $64.36 and are now at $63.33, 64% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 0.3%. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |