HAL psar bull signal

The oil patch services company Halliburton, HAL, (well, actually, gas patch, too) is showing a psar bull signal, after four trading days of psar bear.

The signal comes at the top of very near-term resistance, and a break above would continue a higher high higher lower uptrend pattern.

You are here:

• Resistance
• $34.87, 8.9% 
• $34.72, 8.4%
• $32.15, 0.4%
• Now $32.02
• Support
• $29.00, -9.4%
• $27.71, -13.5%
• $26.55, -17.1%

Both the psar and the pps (the latter showed a bull signal on Tuesday) have been a bit whippy. The macd has been steady on in bull mode since Feb. 16. The sto is moving into overbought territory, the mfi is in the neutral zone.

Earnings will be released April 19 before the market open, so there's reason to expect heightened volatility in this issue.

A reasonable directional play to the bull side if $32.15 is broken, and if the position is closed prior to earnings.

Abbreviations:
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic