Halliburton's Mighty Fall
InTheMoneyStocks.com | Jul 23, 2018 02:35PM ET
Shares of Halliburton Company (NYSE:HAL) fell sharply on Monday following its latest earnings and guidance. The stock dropped 8% by lunchtime. Just since May, Halliburton is down from $55 to $41.50. This epic fall has come to pass while oil trades near multi-year highs. This is extremely bearish price action. Based on technical analysis, the stock could fall all the way to $38.30 (double bottom) before finding major swing trade buy support. This is where most big-time pros will be looking to buy for a technical bounce.
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