DTT Buzz

Over the last 8 months Baker Hughes Inc (NYSE:BHI) created an inverse head and shoulders reversal. After creating this reversal BHI broke the neckline 2 weeks ago, and looks to be setting up for a substantial rally.

From these levels I am looking to go long with a fairly tight stop, while keeping an eye on the volume patterns. With volume we haven't seen an extremely strong upside break, so after making a bit of cash on this trade I would look to take profit unless upside volume really picks up.


Best Regards

Keith Greff Jr
Trade Analyst