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Next Support Level for Halliburton (HAL) is $43.20

By Nick Russo

Shares of Halliburton (NYSE:HAL) opened today below their pivot of $44.00 and have already reached the first level of support at $43.59. Should the shares continue to fall, the support pivots of $43.20 and $42.40 will be of interest.

There is potential upside of 0.0% for shares of Halliburton based on a current price of $0.00 and an average consensus analyst price target of $64.41. The stock should run into initial resistance at its 200-day moving average (MA) of $36.57 and subsequent resistance at its 50-day MA of $36.84.

Over the past year, Halliburtonhas traded in a range of $0.00 to $58.78 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Halliburton. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Halliburton in search of a potential trend change.

Keywords: pivot alerts Halliburton

Ticker(s): HAL