HAL Hammers On Resistance, May Signal Oil Drop
Jenny Rebekka | Jan 26, 2017 10:37AM ET
The share price of Halliburton Company (NYSE:HAL) hammered on a resistance trend line that may signal a pull back in the company stock. It would likely coincide with a pull back in oil.
In the last two months, Halliburton has hit this trend line 4 times now, each time pulling back. Based on history, investors can likely assume another pull back in price. Short and sweet, put this on your charts, add it to your radar and watch it closely! Note the trend line in the chart below...
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