Today we will analyze the stock BAKER HUGHES INC (BHU.DU) for internet stock trading in the DU stock market,
Stock Technical indicators to notice in BAKER HUGHES INC (BHU.DU)
1- Last bearish trend was from 39.51 $ (2/7/2012) to 35.97 $ (2/16/2012) a 3.54 $ move 2- The current bullish trend started from 35.97 $ at 2/16/2012 and is currently trading at 38.12 $.
3- BHU.DU current support level is at 37.74 which is the 50.00 % fibonacci retracement of the last 3.54 $ move.
4- BHU.DU current resistance level is at 38.16 which is the 61.80 % fibonacci retracement of the last 3.54 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
BAKER HUGHES INC (BHU.DU) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 39.510 and 40.440, and is currently resisting at 39.069.
BAKER HUGHES INC (BHU.DU) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 6.150 $ height triangle.
BAKER HUGHES INC (BHU.DU) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 40.440 and 40.860, and is currently resisting at 40.004.

Stock Trading Conclusion:
BAKER HUGHES INC (BHU.DU) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .

Stock Resistance Levels : 38.16, 39.07, 39.51, 40.00, 40.47, 41.70.
Stock Support levels : 37.74, 37.61, 37.32, 37.30, 37.04, 36.81, 36.79, 35.97,.