Halliburton Company(HAL) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) Halliburton Company(HAL) closed at 48.9, up 0.78 or 1.62 % for the day. Based on our analysis, Halliburton Company(HAL) is in an uptrend but could lose its momentum.

The closing price of Halliburton Company(HAL) is above its 50 day moving average of 44.45 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Halliburton Company(HAL) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 21-May-2008, about 6 trading days ago.