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Halliburton Co Looks to Continue to Trade Below its Annual-Low Share Price Today

By Shiri Gupta

Halliburton Co (NYSE:HAL) traded at a new 52-week low today of $18.84. This new low was reached on below average trading volume as 2.9 million shares traded hands, while the average 30-day volume is approximately 14.6 million shares.

Halliburton Company provides energy and engineering and construction services, as well as manufactures products for the energy industry. The Company offers services and products and integrated solutions to customers in the exploration, development, and production of oil and natural gas.

In the past 52 weeks, shares of Halliburton Co have traded between the current low of $18.84 and a high of $42.57 and are now at $18.84. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 0.6%.

Potential upside of 220.4% exists for Halliburton Co, based on a current level of $18.84 and analysts' average consensus price target of $60.37. Halliburton Co shares should first meet resistance at the 50-day moving average (MA) of $22.16 and find additional resistance at the 200-day MA of $27.89.

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 33.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows halliburton co

Ticker(s): HAL