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Helmerich & Payn Bullish Moving Average Crossover Alert (HP)

By James Quinn

Helmerich & Payn (NYSE:HP) shares have crossed bullishly above their 10-day moving average of $64.97 on a volume of 269K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Helmerich & Payn share prices have been bracketed by a low of $42.16 and a high of $85.78 and are now at $65.74, 56% above that low price. The 200-day and 50-day moving averages have moved 0.03% higher and 1.25% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Helmerich & Payn on February 6th, 2018 by issuing a Downtrend alert when the shares were trading at $67.75. Since that call, shares of Helmerich & Payn have fallen 4.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses helmerich & payn

Ticker(s): HP