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    Halliburton Co. (HAL) stock rose to $41.38 before closing the week at $41.15, with its next resistance level at $43.52. While the Relative Strength Index entered overbought territory above 70, HAL has historically bounced back or continued slow growth in such situations. For the month and year-to-date, HAL was up 8.75% and 36.76% respectively, erasing prior losses. The analysis recommends buying any dips with support at $39.33 and targets of $43.52 initially and $48.26 ultimately.

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    Halliburton Co. (HAL) stock rose to $41.38 before closing the week at $41.15, with its next resistance level at $43.52. While the Relative Strength Index entered overbought territory above 70, HAL has historically bounced back or continued slow growth in such situations. For the month and year-to-date, HAL was up 8.75% and 36.76% respectively, erasing prior losses. The analysis recommends buying any dips with support at $39.33 and targets of $43.52 initially and $48.26 ultimately.

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    33 views2 pages

    Halliburton Co

    Uploaded by

    andresetiawan
    Halliburton Co. (HAL) stock rose to $41.38 before closing the week at $41.15, with its next resistance level at $43.52. While the Relative Strength Index entered overbought territory above 70, HAL has historically bounced back or continued slow growth in such situations. For the month and year-to-date, HAL was up 8.75% and 36.76% respectively, erasing prior losses. The analysis recommends buying any dips with support at $39.33 and targets of $43.52 initially and $48.26 ultimately.

    Copyright:

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    of 2

    Halliburton Co.

    HAL resumed its journey upwards, hitting $41.38 before it settled the week at $41.15. The rise now
    opens more potential to more gains which at the moment puts $43.52 as its first visible objective.

    The declining MACD was decisively reversed when HAL started to climb at the beginning of December.
    The EMAs are positively sloped and there’s still a big distance between them and the price. RSI however,
    has entered the overbought area above 70.00, and as we could see from the historical journey of RSI,
    HAL usually either bounced back or continue to grind higher slowly.

    market.techspeak@gmail.com P a g e |1
    Statistics

    HAL Scorecard
    Week 1 Week 2 November

    ↑ 0.19% ↑ 12.22%
    Week 3

    ↑ 6.11% ↓ 3.81%
    Week 4
    ↑ 18.77%
    Dec MTD YTD

    ↑ 8.75% ↑ 36.76%
    The 3.81% losses suffered during the fourth week of November has been completely erased the 3-day
    gains in early December (8.75%). The great performance by HAL pushed the YTD gains up to 36.76%.

    The strategy

    SUPPORTS LAST RESISTANCES


    12/3/2010

    36.01 38.06 38.42 38.70 39.33 41.15 43.52 43.65 45.33 45.92 48.26

    While the price may be subject to correction, any fallout should be seen as an opportunity to BUY.
    Support at $39.33 may be a good place to start should one wants to wait for pullback. Regardless where
    the entry will be, HAL aims at $43.52 at the nearest, while also setting its eyes at $48.26.

    Disclaimer: This report is provided for information purposes only. It is not an offer to sell or to buy any
    securities. This report has been prepared based on sources believed to be reliable, but there is no
    assurance or guarantee regarding its completeness & and accuracy. The author accepts no responsibility
    or liability arising from any use of the report.

    market.techspeak@gmail.com P a g e |2

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