SmarTrend has detected shares of Halliburton (NYSE:HAL) have bullishly opened above the pivot of $28.28 today and have reached the first resistance level of $28.93.
We are watching for a cross of the next upside pivot targets of $29.79 and $31.30. Also, the shares are currently trading above the 50-day moving average of $28.36 and should find resistance at the 200-day moving average of $29.51.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Halliburton on June 21, 2010 at $27.25. Since the call, the stock has risen 6.5%.via smartrend
Though much attention has been paid to yesterday’s national oil spill commission meeting in Washington (I wrote about it here), there’s another oil spill meeting taking place in Houston, Tx., that is just as important.