• Return to Headlines

Halliburton Co Rises 2.25% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Halliburton Co (NYSE:HAL) traded in a range yesterday that spanned from a low of $39.25 to a high of $40.16. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $39.30 on volume of 3.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Halliburton Co on August 1st, 2017 by issuing a Downtrend alert when the shares were trading at $42.12. Since that call, shares of Halliburton Co have fallen 7.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Halliburton Co share prices have moved between a 52-week high of $58.78 and a 52-week low of $38.18 and are now trading 4% above that low price at $39.79 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.9%.

Keywords: rebounders halliburton co

Ticker(s): HAL