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Watch for Halliburton Co to Potentially Rebound After Falling 8.67% Yesterday

By Shiri Gupta

Halliburton Co (NYSE:HAL) traded in a range yesterday that spanned from a low of $9.73 to a high of $10.38. Yesterday, the shares fell 8.7%, which took the trading range below the 3-day low of $10.09 on volume of 14.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Halliburton Co share prices have moved between a 52-week high of $26.01 and a 52-week low of $4.25 and are now trading 122% above that low price at $9.43 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 4.3%.

SmarTrend is tracking the current trend status for Halliburton Co and will alert subscribers who have HAL in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders halliburton co

Ticker(s): HAL