02.05.2016 - On the chart Baker Hughes appeared a buy signal

Stock price of Baker Hughes has broken through the upper boundary of the descending channel and fixed above it. The breaking of a local maximum at 47.50 was the basis for opening long positions with a stop below 44.00 and the closest targets at 54.85 and 60.00. In case of resumption of negative dynamics quotes may return to the levels of 40.00 and 38.00. Our forecast for the near future is positive, but in May, we can see a strong correction after recent gains.

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