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Look for Shares of Halliburton Co to Potentially Rebound after Yesterday's 5.95% Sell Off

By Nick Russo

Halliburton Co (NYSE:HAL) traded in a range yesterday that spanned from a low of $18.15 to a high of $19.08. Yesterday, the shares fell 6.0%, which took the trading range below the 3-day low of $19.10 on volume of 10.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Halliburton Co have traded between the current low of $18.15 and a high of $42.57 and are now at $18.25. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Halliburton Co on March 6th, 2019 by issuing a Downtrend alert when the shares were trading at $29.47. Since that call, shares of Halliburton Co have fallen 33.9%. 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