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Helmerich & Payne Crosses Below its 10-day MA (HP)

By James Quinn

Today, shares of Helmerich & Payne (NYSE:HP) have crossed bearishly below their 10-day moving average of $59.41 on a volume of 221K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower 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 $58.53, 46% 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 is tracking the current trend status for Helmerich & Payne and will alert subscribers who have HP in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses helmerich & payne

Ticker(s): HP