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TMCNet:  After Yesterday's Rally of 3.02% Shares Could Potentially Pullback

[December 04, 2012]

After Yesterday's Rally of 3.02% Shares Could Potentially Pullback

Dec 04, 2012 (SmarTrend(R) News Watch via COMTEX) -- Helmerich & Payne (NYSE:HP) traded in a range yesterday that spanned from a low of $52.42 to a high of $54.28. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $53.00 on volume of 2.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 $54.24, 40% above that low price. The 200-day and 50-day moving averages have moved 0.21% lower and 0.33% 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.

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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