HP is a well-managed company that lost about 45% of its stock value during the once in a lifetime epic oil downturn. Its prospects look bright as the oil market starts to rebound. The charts also indicate it's about to spring up with a triangle pattern showing seller being edged out. Throw in a 4% dividend right now and it looks like you've got yourself a winner.
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...
Main short signals on the chart: 1-Rising wedge with appropriate breakout 2-multitops proved at the end of rising wedge 3-Flag proved by breakout. Sell 62.50-62.00 Stop loss 65.20 (+1 tic flag's high) Target 50.00 (Elliots' waves+strong supporting level)
Hi Everyone, I hope you having a great week. We were watching this trade in our us energy screencast and it is just met our conditions for a trade: Crossing the lower trend line Retest & rejection You can see the full corrective structure on on the daily time frame.
As you can see Hp has had quite a decline! My prediction is that Hp will gradually rise within the next month. Let's hope it does!
retracement to Inverse HS neckline. Small bull flag >> wait for breakout
I hope that below a hundred and MA 200 line will begin a massive sale.
$HP Price Target Hit. $HP is now 103.17. Great Trade from this week watchlist.
This one oculd be sharp and hard, good reversal for coming months i believe and puts are cheap right now.
I saw this strategy in the FX magazine and seems interesting the author of the article explained he used this strategy to filter the market and not overtrade. I added the Hawk Eye which was made by Lazy Bear and is excellent to clarify the side of the market. I also use the Bandwith ( which is the difference between the upper and lower band, BandWidth decreases...
This stock has peeked with a negative divergence and it is currently trading below the 50 moving average. At moment it is making higher lows with a falling wedge chart pattern.