Shares of Halliburton (NYSE:HAL) got hammered at $46 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. If Halliburton breaches $46 on a daily closing basis, the stock will probably trade to $50 (the target of the head and shoulder).
Keep an eye on Halliburton in the coming days.