Baker Hughes (NYSE:BHI) announced that its international rig count for March of 2012 was down 12 from the 1,204 figure it announced in February, but up 45 from the 1,147 announced in February.Meanwhile, the company’s total global rig count for March 2012 was 3,663, down 237 from the 3,900 counted in February of 2012 and up 229 from the 3,434 counted in March 2011.SmarTrend alerted subscribers to take profits in Baker Hughes on March 06, 2012 at $47.02, since then the stock fell 13.1%. We are now watching for any positive developments that could result in a new uptrend signal.