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Baker Hughes Bearish Moving Average Crossover Alert (BHI)

By Amy Schwartz

Today, shares of Baker Hughes (NYSE:BHI) have crossed bearishly below their 10-day moving average of $55.94 on a volume of 869K 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 48% above that low price at $55.74 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for Baker Hughes and will alert subscribers who have BHI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Baker Hughes

Ticker(s): BHI