BKR – Baker Hughes Company – shows strength
BKR – Baker Hughes Company – is moving in horizontally – despite the drop in the general Market - between its 10-day moving average and the upper Bollinger Band.
Apart from that, the stock is also moving above its rising 20- and 50-day moving averages.
Finally, the stock’s momentum is up.
The Relative Strength of BKR is moving up and above its 20-day moving average since early January.
From BKR’s weekly chart below, we can see:
· The stock just broke above a symmetrical triangle.
· The stock is also moving above its rising 20- and 50-week moving average
· The momentum of the stock is also moving up
· From the Relative Strength chart, we can see that BKR outperforms our benchmark, as it goes up and above its rising 20-week moving average.
Suggested Buy: 28
Suggested Sell: 25.9
Suggested Trade Size: 320