Helmerich & Payne Bullish Moving Average Crossover Alert (HP)
Today, shares of Helmerich & Payne (NYSE:HP) have crossed bullishly above their 10-day moving average of $59.67 on a volume of 239K 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 & Payne share prices have been bracketed by a low of $40.02 and a high of $79.90 and are now at $60.00, 50% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.
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