Halliburton Co

HAL has rolled over below its short-term EMAs after a sharp advance, with the Bearish Pivot Point pattern signaling a shift into downward mean-reversion repair. Medium-term bias is bearish within a probable Stage 3 distribution phase, and short-term timing disfavors longs. We recommend selling now on rejection near the 9- and 20-day EMA zone.

• ↑Q2 revenue $5.7B (+6% sequential) and EPS $0.55 suggest operational strength.
• ↑International revenue at $3.4B (+6% YoY), highest Q2 in a decade.
• ↓Middle East geopolitics inject volatility and uncertainty into operations.