Energy seems to be making some sort of comeback, so it is no surprise that I am finding many energy and oil stocks showing signals of moves back upwards.
Helmerich & Payne (HP) looks to be making a clean turnaround. The stock as bounced off a 50% retracement level, which happened to also be a 6 month support for the stock. Together it seems like a strong candidate for a move up; however, to reduce some risk, I would wait to see if HP breaks through its 68% retracement level ($58.27).
Buy target is at $59. Price target is at $73.