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Helmerich & Payne Bearish Moving Average Crossover Alert (HP)

By David Diaz

Today, shares of Helmerich & Payne (NYSE:HP) have fallen below their 10-day MA of $64.76 on a volume of 407K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Helmerich & Payne has traded in a range of $40.02 to $79.90 and is now at $62.91, 57% above that low. The 200-day and 50-day moving averages have moved 0.03% higher and 1.25% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Helmerich & Payne. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Helmerich & Payne in search of a potential trend change.

Keywords: moving crosses helmerich & payne

Ticker(s): HP