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SmarTrend Watching for Potential Rebound in Shares of Helmerich & Payne After 1.12% Loss
Mar 11, 2013 (SmarTrend(R) News Watch via COMTEX) --
Helmerich & Payne (NYSE:HP) traded in a range yesterday that spanned from a low of $63.10 to a high of $64.16. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $63.86 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
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.
In the past 52 weeks, shares of Helmerich & Payne have traded between a low of $38.71 and a high of $69.38 and are now at $63.56, which is 64% above that low price. The 200-day and 50-day moving averages have moved 1.02% higher and 1.34% higher over the past week, respectively.
Write to Chip Brian at cbrian@mysmartrend.com
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