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Bearish Moving Average Cross by Halliburton Co (HAL)

By Amy Schwartz

Halliburton Co (NYSE:HAL) shares have crossed bearishly below their 10-day moving average of $18.56 on a volume of 127K 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.

Over the past year, Halliburton Co has traded in a range of $16.97 to $40.45 and is now at $18.43, 9% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.5%.

SmarTrend is tracking the current trend status for Halliburton Co and will alert subscribers who have HAL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses halliburton co

Ticker(s): HAL