HALLIBURTON CO
(HAL-NYSE):
Technical Viewpoint: From a low
of $28 1/8 on Mar 1, 1999 prices
rallied, reaching a
high of $42 1/8
on Mar 29, 1999. A
decline saw prices pull back, reaching a
low of
$34 7/8 on Apr 14, 1999.
Another rally saw prices penetrate
resistance, closing 4/16/99
at $41 3/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 5, 1999 when the Histogram crossed the "0" line to the upside.
Support: Remains at $35 1/4. Resistance: Is at $41 7/8.
Point & Figure: Reversed to the upside on Apr 15, 1999. A P&F upside
reversal takes place at $39.00. Summary: Technical indicators have turned bullish. BUY! HALLIBURTON CO
(HAL-NYSE) @ $42 1/8 Stop: Use a protective stop of $39 3/8.
HALLIBURTON CO is currently trading @ $41 3/8 plus $3.69 on Apr 18, 1999. Price Objective:
$55 1/2. Risk/Reward: $2 3/4 VS. $13 3/8. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$55 1/2
Risk/Reward:
$2 3/4 VS. $13 3/8
Risk/Reward Ratio:
5:1
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