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Halliburton Co (HAL) Crosses Pivot Point Resistance at $32.02

By Amy Schwartz

Shares of Halliburton Co (NYSE:HAL) opened today above their pivot of $31.71 and have already reached the first level of resistance at $32.02. Analysts will be watching for a cross of the next upside pivot targets of $32.22 and $32.73.

Halliburton Co has overhead space with shares priced $32.16, or 46.7% below the average consensus analyst price target of $60.37. The stock should hit resistance at its 200-day moving average (MA) of $34.95, as well as support at its 50-day MA of $30.21.

Halliburton Co share prices have moved between a 52-week high of $54.91 and a 52-week low of $24.70 and are now trading 30% above that low price at $32.16 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Halliburton Co and will alert subscribers who have HAL in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts halliburton co

Ticker(s): HAL