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.
