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Noteworthy ETF Outflows: OIH, SLB, HAL, FTI
Friday, March 29, 11:10 AM ET, by Market News Video Staff

Symbols mentioned in this story: OIH, SLB, HAL, FTI Exchange traded funds (ETFs) trade just ...

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Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Interesting HAL Put And Call Options For May 31st
Wednesday, April 17, 10:51 AM ET, by Market News Video Staff

Investors in Halliburton Company (HAL) saw new options begin trading today, for the May 31st ...

Noteworthy Monday Option Activity: XOM, HAL, MSFT
Monday, April 22, 1:24 PM ET, by Market News Video Staff

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume ...

Wednesday Sector Laggards: Energy, Materials
Wednesday, April 24, 2:45 PM ET, by Market News Video Staff

Looking at the sectors faring worst as of midday Wednesday, shares of Energy companies are ...

Oversold Conditions For Halliburton (HAL)

By Market News Video Staff, Wednesday, June 12, 11:53 AM ET
Play Video: Learn About The RSI


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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In trading on Wednesday, shares of Halliburton Company (NYSE:HAL) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $21.58 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 54.1. A bullish investor could look at HAL's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of HAL shares:

Halliburton Company 1 Year Performance Chart

Looking at the chart above, HAL's low point in its 52 week range is $20.98 per share, with $48.285 as the 52 week high point — that compares with a last trade of $21.55. Find out what 9 other oversold stocks you need to know about »


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Oversold Conditions For Halliburton (HAL) | Market News Video | Copyright © 2008 - 2019, All Rights Reserved

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