HAL WEEKLYI like the way things are shaping for a rebound for Haliburton so far, I also like the recent news...
HAL trade ideas
HAL - DAILY UPDATEI am watching $HAL hoping for a short term swing; seems to be going the right way so far, I like the recent news they've had. Bought on the 16th, hope for a strong next couple months.
HAL Daily chart viewHalliburton ($46.51) looks like maybe it is reversing trend for the summer; the russia-saudi deal helped I believe (which may have led to the spike in volume); the stock is bumping up on support and broke through resistance at 46.38... I think it is safe to look for a move above $50-$53 if the stock breaks its next resistance at 47.79; I think I am taking the bet
HAL U.S. 06/16/17 50 PUT Downtrend continues for HAL, entered position on May 3 for June 16 PUT @ $50 strike for $5.25.
HAL odds not looking good for tomorrowI would of thought increased market share was a big positive for XLE Energy Sector but they sure are not pricing it in at all. I sure would not want to bet against the energy trend into earnings in the morning. I actually think HAL should do better than last quarter. I can't wait to see the results. My gut says XLE stocks catch a bid tomorrow.
HAL earnings Monday MorningHAL is below daily trend and 200 day mva, however, the RSI shows slight positive divergence. It will be interesting to see how the stocks react from here. a) a drop to channel low, b) retest of the upper channel, etc There are weekly options on the stock.
short or buyany close under 47.15
short 47.15
t 42.50
s 48.80
or
any close above 54.50
buy 54.50
t 59
s 53
buy any close above 49.80 buy
T 52.40
S 48.80
i think after close 49.80 we go to 52 and the black lien easy
Can Halliburton clear resistance at 47.50?Technically Speaking
HAL found resistance right where you would expect, the pivot at 47.50 and the 200 WMA. A clear move above that level and there is plenty of air until the 2015 high above 72.50. A rejection could see a move back toward the 2016 low prints.
Of course, the outcome will depend on the companies earnings vs the current expectations. Earnings come out on 10/19 as noted on the chart, so proceed with caution.
Fundamentals
HAL currently sports a div yield of 1.55%-https://www.google.com/finance?q=NYSE%3AHAL&ei=I5MFWKG2IoGmmAGr-r_wAQ
Here is their div history: www.nasdaq.com
As always, trade your plan. Nobody knows what the future holds or how a companies stock price will react to any given set of earnings or events. All we can do as traders is pick our spots, limit risk, and take the trades we feel like we understand and have an edge. That's it.
My favorite quote
"Superior investment results can only stem from a better-than-average ability to figure out when risk-taking will lead to gain and when it will end in loss. There is no alternative". Howard Marks. Check his memos out, they are a great read. www.oaktreecapital.com
Nail In Coffin Of Halliburton Company HALHalliburton Company (NYSE:HAL) was primed for a monster breakout on the stock chart today. The stock chart had a perfect bull flag setup, it just needed catalyst. Then it happened. Overnight, non-OPEC oil producing nations announced a cut in production. Oil surged dramatically going into today's action. This seemed like a perfect catalyst for a massive breakout. Halliburton Company jumped at the open....
Within 10 minutes, the stock had topped. Then Halliburton Company (NYSE:HAL) slowly sold off the rest of the day. This is insanely brearish not only for the constant institutional selling all day long, but because it is a failed breakout and the resulting candle on the daily stock chart is a topping tail. Topping tails are reversal signals, extremely bearish.
Expect a pull back on Halliburton Company to a target price of $48.00 in the next month.
View my trades VERIFIED here: verifiedinvesting.com
#halliburton -breakout pattern -continuation up trend#halliburton -breakout pattern -continuation up trend
HAL - Break Out Of RangeHAL is looking bullish on a break above 46.5 with retest of area
break up came after a false break down whick indicate strong buying
2 targets and low risk stop
*keep a close eye on 50$ level on USOIL
HAL: Waiting for breackdown level 46.2HAL will have a strong down impulse after level 46 will be broke. I am waiting for movement to level 42.
