Baker Hughes Companys stock price (BKR) advanced in latest intraday trading, preparing to attack the pivotal resistance level of $40.38 amid the dominance of a short-term upward correctional trend and trading alongside a rising trend line. The move is supported by continued trading above the 50-day SMA, along with positive signals streaming from the Stochastic, despite it remaining in overbought territory.

Therefore we expect the stock to rise in upcoming trading, especially if it breaches the resistance of $40.38, targeting the next resistance at $44.00.

Todays price forecast: Bullish