Baker Hughes (BKR, $29.58) price may drop as it broke higher Bollinger Band on Jun 02, 2023

#OilfieldServicesEquipment, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #LargeCap, #Nasdaq100
BKR - Baker Hughes Company
Bollinger signal
Bearish Trend
76%
Odds of DOWN Trend
Price: $29.58
Daily change: +$0.97 (+3.39%)
Daily volume: 6.1M
Capitalization: $29.9B
Industry: Oilfield Services/Equipment

This price move could be a signal that BKR may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 41 similar cases where BKR's price broke its higher Bollinger Band, and 31 of them led to a successful outcome. Odds of Success: 76%.