Oil and gas drilling services company Baker Hughes (BKR) is due to report its latest quarterly numbers on Wednesday, Oct. 20. Let's check out the charts and indicators ahead of the results.
In the daily bar chart of BKR, below, we can see that the shares have recently broken above the May/June highs. Trading volume has increased on this current advance, which is bullish as it tells us that more traders and investors are involved. The daily On-Balance-Volume (OBV) line has also moved higher telling us that buyers are being more aggressive.
The slopes of the 50-day and the 200-day moving averages are positive and the 50-day recently crossed above the 200-day line for a bullish golden cross. The Moving Average Convergence Divergence (MACD) oscillator is bullish.