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Jan 2, 2019 9:25 AM

HP Approaching Support, Potential Bounce! Long

Helmerich & Payne, Inc.NYSE

Description

HP is approaching its support at 40.98 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 57.54 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 1.9% where a corresponding bounce could occur.
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