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Trading Action Alert: Halliburton Makes Major Reversal, Signaling Downside

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

Shares of Halliburton Company (NYSE:HAL) fell sharply on Monday, engulfing upside from the last three days. Anytime a stock reverses the up-moves from multiple days prior, it is extremely bearish. In this case, with Halliburton Company trading at multi-year highs, it is a strong sell signal. Investors should be looking to sell every bounce until Halliburton hits a target of $50.

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Investors and traders sell shares of Halliburton Company


This article was written by Tony Jackson for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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