Today I wanted to find a great large cap stock for Momentum Investors so I used Barchart to sort the S&P 500 Index stocks first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or better and Halliburton (NYSE:HAL) popped up.

Barchart technical Indicators:

  • 96% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100-day moving averages
  • 12 new highs and up 17.78% in the last month
  • Relative Strength Index 70.14
  • Technical support level at 45.90
  • Recently traded at 48.58 with a 50 day moving average of 44.21

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