Baker Hughes Offering Possible 16.82% Return Over the Next 24 Calendar Days

Baker Hughes’s most recent trend suggests a bullish bias. One trading opportunity on Baker Hughes is a Bull Put Spread using a strike $55.00 short put and a strike $50.00 long put offers a potential 16.82% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.00 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock dropped below the $50.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Baker Hughes is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Baker Hughes is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Baker Hughes

BAKER HUGHES INC Files SEC form 10-Q, Quarterly Report
Wed, 23 Oct 2013 19:15:21 GMT

Baker Hughes Awarded Long-term Contract with PETRONAS Carigali
Wed, 23 Oct 2013 11:30:00 GMT
PR Newswire – HOUSTON, Oct. 23, 2013 /PRNewswire/ — Baker Hughes Incorporated (NYSE: BHI) today announced that PETRONAS Carigali Sdn. Bhd. (PCSB) has entered into a long-term Oilfield Service Agreement (OFSA) with …

The Zacks Analyst Blog Highlights: Royal Dutch Shell, Chevron, Chesapeake Energy, Schlumberger and Baker Hughes
Wed, 23 Oct 2013 11:19:45 GMT
Zacks – The Zacks Analyst Blog Highlights: Royal Dutch Shell, Chevron, Chesapeake Energy, Schlumberger and Baker Hughes

Oil & Gas Stock Roundup: Crude Slides Even as Shutdown Ends
Tue, 22 Oct 2013 17:02:44 GMT
Zacks – Energy stocks failed to mirror the broader equity markets’ gains last week amid concerns that the 16-day U.S. government shutdown has eroded demand in the worlds biggest oil consumer.

Baker Hughes draws volatility play
Tue, 22 Oct 2013 08:16:33 GMT
optionMONSTER – A large trader is looking for lower volatility in oilfield-services company Baker Hughes. optionMONSTER systems detected the sale of 10,000 April 52.50 puts for the bid price of $2.43 yesterday. This is …

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