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Halliburton Bullish Moving Average Crossover Alert (HAL)

By James Quinn

Today, shares of Halliburton (NYSE:HAL) have crossed bullishly above their 10-day moving average of $40.02 on a volume of 2.8 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Halliburton have traded between a low of $27.64 and a high of $50.20 and are now at $40.14, which is 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Halliburton. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Halliburton in search of a potential trend change.

Keywords: moving crosses Halliburton

Ticker(s): HAL