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