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Baker Hughes Bullish Moving Average Crossover Alert (BHI)

By James Quinn

Today, shares of Baker Hughes (NYSE:BHI) have crossed bullishly above their 10-day moving average of $59.15 on a volume of 315K 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.

In the past 52 weeks, shares of Baker Hughes have traded between a low of $37.58 and a high of $70.45 and are now at $59.38, which is 58% above that low price. 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 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