Halliburton (HAL) Enters Overbought Territory – Tale of the Tape

Zacks

Although Halliburton Company (HAL) is up over 6.6% in the past four weeks, investors may be concerned. After all, HAL is now in overbought territory, at least when looking at its RSI value of 70.2. If that wasn’t enough, investors should also note that Halliburton possesses a Zacks Rank #5 (Strong Sell), so if analyst perception is any guide, we could witness a slump in HAL shares before too long.

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