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TMCNet:  Helmerich & Payne Set to Possibly Rebound After Yesterday's Selloff of 1.73%

[November 26, 2012]

Helmerich & Payne Set to Possibly Rebound After Yesterday's Selloff of 1.73%

Nov 26, 2012 (SmarTrend(R) News Watch via COMTEX) -- Helmerich & Payne (NYSE:HP) traded in a range yesterday that spanned from a low of $50.21 to a high of $51.59. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $50.47 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

In the past 52 weeks, Helmerich & Payne share prices have been bracketed by a low of $38.71 and a high of $68.60 and are now at $50.70, 31% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Helmerich & Payne. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Helmerich & Payne in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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