Halliburton Stock Just Pushed into Overbought Territory Amid Venezuela Tumult. Is There Still Time to Buy HAL?
Halliburton (HAL) shares soared on Monday morning after the U.S. launched a surprise military strike on Venezuela, capturing both its President Nicolás Maduro and his wife Cilia Flores. The rally this morning pushed HAL’s relative strength index (9-day) to over 85 today, indicating overbought conditions that often trigger a correction in the near term. More News from Barchart Following today’s gains, Halliburton stock is up more than 70% versus its 52-week low. www.barchart.com Why U.S.-Venezuela Con ...