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Baker Hughes Bearish Moving Average Crossover Alert (BHI)

By Shiri Gupta

Today, shares of Baker Hughes (NYSE:BHI) have crossed bearishly below their 10-day moving average of $58.89 on a volume of 218K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Baker Hughes share prices have moved between a 52-week high of $70.45 and a 52-week low of $37.58 and are now trading 55% above that low price at $58.21 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.6%.

SmarTrend is monitoring the recent change of momentum in Baker Hughes. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Baker Hughes in search of a potential trend change.

Keywords: moving crosses Baker Hughes

Ticker(s): BHI