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Helmerich & Payn Set to Possibly Pullback After Yesterday's Rally of 2.39%

By Shiri Gupta

Helmerich & Payn (NYSE:HP) traded in a range yesterday that spanned from a low of $71.52 to a high of $73.17. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $71.51 on volume of 568,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Helmerich & Payn share prices have moved between a 52-week high of $85.78 and a 52-week low of $42.16 and are now trading 73% above that low price at $72.82 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has remained constant.

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: rebounders helmerich & payn

Ticker(s): HP