Halliburton (HAL) Crosses Pivot Point Resistance at $40.23
Shares of Halliburton (NYSE:HAL) have bullishly opened above the pivot of $39.77 today and have reached the first resistance level of $40.23. Analysts will be watching for a cross of the next upside pivot targets of $40.73 and $41.69.
In the past 52 weeks, shares of Halliburton have traded between a low of $26.28 and a high of $40.65 and are now at $40.14, which is 53% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has risen 0.3%.
Potential upside of 8.7% exists for Halliburton, based on a current level of $40.14 and analysts' average consensus price target of $43.62. The stock should discover initial support at its 50-day moving average (MA) of $34.38 and subsequent support at its 200-day MA of $32.82.
SmarTrend recommended that subscribers consider buying shares of Halliburton on November 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.85. Since that recommendation, shares of Halliburton have risen 20.9%. We continue to monitor HAL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: pivot alerts Halliburton