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After Yesterday's Rally of 1.15% Shares Could Potentially Pullback

By James Quinn

Halliburton Co (NYSE:HAL) traded in a range yesterday that spanned from a low of $31.60 to a high of $32.36. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $32.14 on volume of 3.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Halliburton Co has traded in a range of $30.47 to $57.86 and is now at $32.25, 6% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Halliburton Co on October 18th, 2018 by issuing a Downtrend alert when the shares were trading at $38.36. Since that call, shares of Halliburton Co have fallen 17.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders halliburton co

Ticker(s): HAL