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

By James Quinn

Today, shares of Helmerich & Payne (NYSE:HP) have fallen below their 10-day MA of $62.60 on a volume of 168K 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.

Helmerich & Payne share prices have moved between a 52-week high of $79.90 and a 52-week low of $40.02 and are now trading 56% above that low price at $62.35 per share. 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

Ticker(s): HP