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After Yesterday's Rally of 1.48% Shares Could Potentially Pullback

By Amy Schwartz

Helmerich & Payn (NYSE:HP) traded in a range yesterday that spanned from a low of $48.92 to a high of $50.18. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $49.59 on volume of 712,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, shares of Helmerich & Payn have traded between a low of $44.56 and a high of $73.74 and are now at $49.94, which is 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 0.6%.

Keywords: rebounders helmerich & payn

Ticker(s): HP