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Dec 18, 2018 9:31 AM

HP Approaching Support, Potential Bounce! Long

Helmerich & Payne, Inc.NYSE

Description

HP is approaching support at 49.56 (100% & 61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 58.07 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching support at 2.7% where a corresponding bounce could occur.
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