Today, shares of Halliburton (NYSE:HAL) have crossed bullishly above their 10-day moving average of $52.35 on a volume of 6 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Halliburton has traded in a range of $27.31 to $54.55, and is now at $53.50, 96% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.3%.
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.
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