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Helmerich & Payn Crosses Above its 10-day MA (HP)

By Amy Schwartz

Helmerich & Payn (NYSE:HP) shares have crossed bullishly above their 10-day moving average of $43.59 on a volume of 355K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Helmerich & Payn share prices have moved between a 52-week high of $85.78 and a 52-week low of $42.16 and are now trading 4% above that low price at $43.94 per share. 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 July 28th, 2017 by issuing a Downtrend alert when the shares were trading at $52.40. Since that call, shares of Helmerich & Payn have fallen 17.9%. 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