Shares of Halliburton Company (NYSE:HAL) are hammering on the $46.00 level for the 5th time in the last few months. The likelihood of a breakout is strongly increasing as an inverse head and shoulder pattern has formed. Should Halliburton Company breach $46.00 on a daily closing basis, the stock will likely trade to $50.00 (the target of the head and shoulder pattern). Keep this on your watch list in the coming days.

Gareth Soloway
InTheMoneyStocks