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After Yesterday's Rally of 1.51% Shares Could Potentially Pullback

By Amy Schwartz

Halliburton Co (NYSE:HAL) traded in a range yesterday that spanned from a low of $49.52 to a high of $50.45. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $49.84 on volume of 4.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 $50.33, which is 32% above that low price. The 200-day and 50-day moving averages have moved 0.01% lower and 1.85% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Halliburton Co on December 4th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.14. Since that recommendation, shares of Halliburton Co have risen 12.4%. We continue to monitor HAL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders halliburton co

Ticker(s): HAL