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After Yesterday's Rally of 4.36% Shares Could Potentially Pullback

By James Quinn

Helmerich & Payne (NYSE:HP) traded in a range yesterday that spanned from a low of $62.84 to a high of $65.32. Yesterday, the shares gained 4.4%, which took the trading range above the 3-day high of $63.50 on volume of 916,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 63% above that low price at $65.27 per share. 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: rebounders helmerich & payne

Ticker(s): HP