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Barchart
Barchart
Wajeeh Khan

Halliburton Stock Just Pushed into Overbought Territory Amid Venezuela Tumult. Is There Still Time to Buy HAL?

HAL Halliburton United States Venezuela Cilia Flores Nicolás Maduro Barchart

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. 

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