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Next Support Level for Halliburton Co (HAL) is $17.57

By Amy Schwartz

Shares of Halliburton Co (NYSE:HAL) have bearishly opened below the pivot of $18.50 today and have reached the first support level of $17.91. Investors may be interested in a cross of the next downside pivot targets of $17.57 and $16.64.

Potential upside of 238.6% exists for Halliburton Co, based on a current level of $17.83 and analysts' average consensus price target of $60.37. Halliburton Co shares should first meet resistance at the 50-day moving average (MA) of $22.08 and find additional resistance at the 200-day MA of $27.80.

Halliburton Co share prices have moved between a 52-week high of $42.57 and the current low of $17.83 and are currently at $17.83 per share. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.7%.

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 37.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts halliburton co

Ticker(s): HAL