HP - LongInfo on Chart. Partial purchases at first, but I will be adding as long as the price stays above lower rising trendline.
HPC trade ideas
HP (Helmerich & Payne) Triangle Pattern shows 10% gain comingHP 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 in an interesting situationHelmerich & 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 and oil price would be moving upwards.
I will buy this stock if the price moves aggressively up.
Bollinger Bands to protect us from overtradingI 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 as Bollinger Bands narrow and increases as Bollinger Bands widen ) to measure the size of the move over time, the higher the volatility the higher the returns in a short time span.
Everything else is on the chart, fell free to comment and ask questions !
