Baker Hughes's most recent trend suggests a bullish bias. One trading opportunity on Baker Hughes is a Bull Put Spread using a strike $62.50 short put and a strike $57.50 long put offers a potential 5.71% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $62.50 by expiration. The full premium credit of $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock dropped below the $57.50 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Baker Hughes is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Baker Hughes is bullish.
The RSI indicator is at 71.69 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Baker Hughes
Why Is North America Important to a BHI–GE Partnership?
Tue, 13 Dec 2016 22:05:28 GMT
Baker Hughes Becomes a GE Company
Tue, 13 Dec 2016 20:33:49 GMT
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Tue, 13 Dec 2016 17:35:32 GMT
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Tue, 13 Dec 2016 17:22:02 GMT
Jim Cramer: GE Investor Meeting Needs to Offer Baker Hughes Answers
Tue, 13 Dec 2016 16:38:00 GMT
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