makro_mies

Helmerich & Payne in an interesting situation

NYSE:HP   HELMERICH & PAYNE INC
171 0 10
Helmerich & Payne             , Inc. is a contract drilling company headquartered in Tulsa, Oklahoma, and engaged primarily in the drilling of oil             and gas wells for exploration and production companies.
The Company's stock price moves basically in tandem with the oil             rig count.

It looks like it's forming inverse head & shoulders formation. This would imply that oil             rig count and oil             price would be moving upwards.

I will buy this stock if the price moves aggressively up.
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