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BAKER HUGHES
(BHI-NYSE):
Technical Viewpoint: From a low
of $34 1/8 on Oct 10, 2000 prices
rallied, reaching a
high of $38 3/4
on Oct 12, 2000. A
decline saw prices pull back, reaching a
low of
$32 1/4 on Oct 30, 2000.
Another rally saw prices penetrate
resistance, closing 11/16/00
at $39 1/2. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 17, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $37.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 15, 2000. A P&F upside
reversal takes place at $37 1/2. Summary: Technical indicators have turned bullish. BUY! BAKER HUGHES
(BHI-NYSE) @ $39 7/8 Stop: Use a protective stop of $37 3/8.
BAKER HUGHES is currently trading @ $39 1/2 plus $.56 on Nov 16, 2000. Price Objective:
$52 1/2. Risk/Reward: $2 1/2 VS. $12 5/8. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$52 1/2
Risk/Reward:
$2 1/2 VS. $12 5/8
Risk/Reward Ratio:
5:1
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