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Halliburton Crosses Above its 10-day MA (HAL)

By Nick Russo

Halliburton (NYSE:HAL) shares have crossed bullishly above their 10-day moving average of $45.49 on a volume of 1.1 million shares. Swing traders may find 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 have traded between a low of $27.64 and a high of $58.78 and are now at $45.70, which is 65% 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 recommended that its subscribers protect gains by selling shares of Halliburton on February 24th, 2017 by issuing a Downtrend alert when the shares were trading at $52.67. Since that call, shares of Halliburton have fallen 14.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Halliburton

Ticker(s): HAL