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Baker Hughes Bullish Moving Average Crossover Alert (BHI)

By Nick Russo

Today, shares of Baker Hughes (NYSE:BHI) have crossed bullishly above their 10-day moving average of $51.36 on a volume of 328K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Baker Hughes has traded in a range of $37.58 to $70.45 and is now at $51.62, 37% above that low. 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 recommended that subscribers consider buying shares of Baker Hughes on August 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.89. Since that recommendation, shares of Baker Hughes have risen 7.0%. We continue to monitor BHI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Baker Hughes

Ticker(s): BHI