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Shares of Helmerich & Payn Has Fallen Below Previous 52-Week Low

By Nick Russo

Shares of Helmerich & Payn (NYSE:HP) traded today at $46.00, breaking its 52-week low. So far today approximately 291,000 shares have been exchanged, as compared to an average 30-day volume of 2.2 million shares.

Helmerich & Payne, Inc. provides contract drilling of oil and gas wells in the Gulf of Mexico and South America. The Company operates land rigs and platform rigs.

Helmerich & Payn (NYSE:HP) has potential upside of 29.8% based on a current price of $46.97 and analysts' consensus price target of $60.96. Helmerich & Payn shares should first meet resistance at the 200-day moving average (MA) of $55.06 and find additional resistance at the 50-day MA of $59.98.

In the past 52 weeks, shares of Helmerich & Payn have traded between the current low of $46.00 and a high of $85.78 and are now at $46.97. 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 is monitoring the recent change of momentum in Helmerich & Payn. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Helmerich & Payn in search of a potential trend change.

Keywords: 52 week high/lows helmerich & payn

Ticker(s): HP