Halliburton Company(HAL) is in an downtrend

(29-Jan-2008) (29-Jan-2008) Halliburton Company(HAL) closed at 33.73, up 0.18 or 0.54 % for the day. Based on our analysis, Halliburton Company(HAL) is in an downtrend.

The closing price of Halliburton Company(HAL) is below its 50 day moving average of 36.3 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Halliburton Company(HAL) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 8-Jan-2008, about 16 trading days ago.