Daily Stock Setups

Baker Hughes (BHI) Downgrade Alert, Watch for 16.8% Technical Uptrend Reversal

Posted on: Thu, 15 Oct 2009 09:24:00 EDT

Symbols: BHI

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Oct 15, 2009 (SmarTrend(R) Spotlight via COMTEX) --
BHI | Quote | Chart | News | PowerRating -- Baker Hughes (NYSE:BHI) downgraded to Sell from Hold at Citigroup. The stock closed yesterday at $46.21 on volume of 4,907,400 shares, below average daily volume of 6,041,066.

Baker Hughes is currently above its 50-day moving average of $39.48 and above its 200-day moving average of $35.75.

SmarTrend is bullish on shares of BHI and our subscribers received an Uptrend alert on September 16, 2009 at $39.58, which has returned 16.8% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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