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Watch for Helmerich & Payn to Potentially Pullback After Gaining 2.39% Yesterday

By David Diaz

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.

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, Helmerich & Payn share prices have been bracketed by a low of $42.16 and a high of $85.78 and are now at $72.82, 73% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

Keywords: rebounders helmerich & payn

Ticker(s): HP