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Baker Hughes Crosses Above its 10-day MA (BHI)

By David Diaz

Today, shares of Baker Hughes (NYSE:BHI) have advanced above their 10-day MA of $52.51 on a volume of 4.4 million shares. Swing traders may find 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 $56.09, which is 49% 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