4-24-12-Baker Hughes (NYSE:BHI) reported Q1 EPS of $0.86, topping estimates by $0.06.Revenues in the quarter rose 18.3% year-over-year to $5.36 billion, beating estimates by $110 million.SmarTrend alerted subscribers to take profits in Baker Hughes on March 06, 2012 at $47.02, since then the stock fell 12.7%. We are now watching for any positive developments that could result in a new uptrend signal.