Baker Hughes Bullish Moving Average Crossover Alert (BHI)
Tuesday, March 16, 2010 - 10:25
Written on Tue, 03/16/2010 - 10:25am
By Chip Brian

Today, shares of Baker Hughes (NYSE:BHI) have crossed bullishly above their 10-day moving average of $50.13 on volume of 561 thousand shares.
This may provide swing traders with an opportunity for a long position as such a crossover often suggests higher prices in the near term. Watch for a close above this moving average level for confirmation.
SmarTrend issued an Uptrend Alert for Baker Hughes on December 16, 2009 at $41.16. In approximately 3 months, Baker Hughes has returned 22.1% as of today's recent price of $50.26.
We will continue to monitor BHI's share price relative to this moving average.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): BHI

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