Halliburton Company(HAL) has rising momentum with an uptrend

(29-Feb-2008) (29-Feb-2008) Halliburton Company(HAL) closed at 39.06, up 1.51 or 4.02 % for the day. Based on our analysis, Halliburton Company(HAL) has rising momentum with an uptrend.

The closing price of Halliburton Company(HAL) is above its 50 day moving average of 35.64 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Halliburton Company(HAL) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 1-Feb-2008, about 20 trading days ago.