Don't Ignore This Chart!: An Inverse Head-and-Shoulders Develops for Halliburton

Don't Ignore This Chart!

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An Inverse Head-and-Shoulders Develops for Halliburton

July 16, 2012 at 4:17 PM | written by Arthur Hill

With oil bouncing over the last few weeks, Halliburton is tracing out a little head-and-shoulders bottom. Despite a potentially bullish pattern, the stock remains short of the breakout needed to confirm a reversal. Also note that a volume expansion is needed to confirm any breakout.

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