The chart signals clear sailing for $HP to 64. Look for it to hit $70 in the next 3-6 months.
Earnings in 3 days. Will it break a critical support that it has held since 15+ years. Great company with a good dividend yield but in a sector that is extremely challenging.
08.05.17 Signal of a potential bottom from my dBFIr on DAILY chart Awaiting confirmation
Short Stop 66.24, Stop 70.47, Target 59.04, R/R = 1.7, Move to B/E at 62.92
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