Baker Hughes (BKR) breaking out again

Question: Steve, any thoughts on BKR are most welcome. Thanks, as always.

Baker Hughes (BKR) remains bullish with a breakout and deep retest pattern from a big base that formed between mid 2017 and late 2024. This big base pattern projects further upside to 55 and 66 (November 14, 2025, The Stock Pulse).

BKR also has a breakout and retest from a February-September bullish consolidation that projects to 59. Holding the 46.70 to 43.90 range keeps the immediate pattern bullish. Sustaining last week's breakout above 51 completes a September into January bullish consolidation pattern that reasserts the overall bullish setup for BKR.

Rising 13-, 26-, and 40-week moving averages (WMAs) from 48.63-47.23 down to 44.24 reinforces BKR's uptrend.

A relative breakout from a 2022 into 2026 triangle pattern for BKR versus the S&P 500 corroborates this bullish absolute price setup.

Chart 1: Baker Hughes (BKR) (top) and relative to the S&P 500 (bottom)