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TMCNet:  Look for Shares of Helmerich & Payne to Potentially Pullback after Yesterday's 2.18% Rise

[January 18, 2013]

Look for Shares of Helmerich & Payne to Potentially Pullback after Yesterday's 2.18% Rise

Jan 18, 2013 (SmarTrend(R) News Watch via COMTEX) -- Helmerich & Payne (NYSE:HP) traded in a range yesterday that spanned from a low of $59.77 to a high of $61.52. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $60.04 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.

SmarTrend recommended that subscribers consider buying shares of Helmerich & Payne on November 19th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.18. Since that recommendation, shares of Helmerich & Payne have risen 16.6%. We continue to monitor HP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Helmerich & Payne has traded in a range of $38.71 to $64.36 and is now at $61.00, 58% above that low. The 200-day and 50-day moving averages have moved 0.22% higher and 1.59% higher over the past week, respectively.

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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