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Halliburton Co Bullish Moving Average Crossover Alert (HAL)

By Shiri Gupta

Halliburton Co (NYSE:HAL) shares have crossed bullishly above their 10-day moving average of $46.31 on a volume of 1.1 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Halliburton Co have traded between a low of $38.18 and a high of $58.78 and are now at $46.70, which is 22% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Halliburton Co on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $51.04. Since that call, shares of Halliburton Co have fallen 9.7%. 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