Halliburton (HAL) – Bearish DailyPlay for Tuesday Aug 14th, 2018
The bearish DailyPlay we chose for Tuesday, Aug 14th is Halliburton (HAL). HAL is part of the Energy Sector (XLE). Over the last month, XLE has experienced a 2.53% move lower and its 1m and 6m trend turned bearish on 8/8 and recently broke below its $75 support level.
Halliburton’s 1m and 6m trends turned bearish on 7/11 and recently bounced lower off its $42 resistance level. With a technical score of 2 (out of 10), HAL is a bearish stock that will likely continue trending lower.
As a stop loss, if HAL was to trade above $42 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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