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Dec 11, 2018 8:28 AM

HP Approaching Support, Potential Bounce! Long

Helmerich & Payne, Inc.NYSE

Description

HP is approaching its support at 58.36 (61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially rise up to its resistance at 65.27 (50% Fiboncci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching support where a corresponding bounce could occur.
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