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Upgrade Alert for Halliburton (HAL)

By Shiri Gupta

Halliburton (NYSE:HAL) was upgraded from Neutral to Buy at Griffen Securities today. The stock closed yesterday at $40.14 on volume of 7.5 million shares, below average daily volume of 11.5 million.

Halliburton Company provides energy services and engineering and construction services, as well as manufactures products for the energy industry. The Company offers services and products and integrated solutions to customers in the exploration, development, and production of oil and natural gas.

Halliburton (NYSE:HAL) has potential upside of 15.8% based on a current price of $40.14 and analysts' consensus price target of $46.48. Halliburton shares have support at the 50-day moving average (MA) of $36.84 and additional support at the 200-day MA of $36.57.

In the past 52 weeks, Halliburton share prices have been bracketed by a low of $27.64 and a high of $50.20 and closed yesterday at $40.14, 45% above that low price. The 200-day and 50-day moving averages have moved 0.01% lower and 1.85% higher over the past week, respectively.

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: analyst upgrades/downgrades Halliburton

Ticker(s): HAL