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Bearish Moving Average Cross by Baker Hughes (BHI)

By James Quinn

Today, shares of Baker Hughes (NYSE:BHI) have crossed bearishly below their 10-day moving average of $45.33 on a volume of 467K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower 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 $45.15, 20% above that low. 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