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Bearish Moving Average Cross by Halliburton Co (HAL)

By James Quinn

Halliburton Co (NYSE:HAL) crossed under its 10-day moving average of $19.18 on a volume of 1.5 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Halliburton Co have traded between a low of $17.46 and a high of $42.57 and are now at $19.02, which is 9% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Halliburton Co on March 6th, 2019 by issuing a Downtrend alert when the shares were trading at $29.47. Since that call, shares of Halliburton Co have fallen 34.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses halliburton co

Ticker(s): HAL