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

By Nick Russo

Today, shares of Helmerich & Payne (NYSE:HP) have fallen below their 10-day MA of $53.40 on a volume of 545K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Helmerich & Payne have traded between a low of $40.02 and a high of $85.78 and are now at $52.99, which is 32% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Helmerich & Payne on April 27th, 2017 by issuing a Downtrend alert when the shares were trading at $61.65. Since that call, shares of Helmerich & Payne have fallen 12.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses helmerich & payne

Ticker(s): HP