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Halliburton Crosses Above its 10-day MA (HAL)

By James Quinn

Halliburton (NYSE:HAL) shares have crossed bullishly above their 10-day moving average of $45.12 on a volume of 2.2 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 $45.33, which is 64% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.9%.

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