Halliburton reported in its last quarter operations for $365 million, or $0.42 per diluted share. If we compare the income from continuing operations of second quarter 2017 around $28 million, or $0.03 per diluted share and compare with Crude Oil price, we can see how the pressure is correlating, but at the same time we have to keep in mind my forecast for WTI on...
Under a technical perspective, the broken triangle and double bottom pattern indicates and upward movement, with a profit taking at a reasonable r:r pivot point.
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...
Halliburton 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....
Fibonacci Retracements point to a continued rally for HAL given the recent uptick in commodity prices. I'm looking for a breakout to $52 (38.2 Fib Retracement), pullback to $48 (23.6 Fib Retracement), at which point i'm buying with a price target of $55 (50% Fib Retracement). Could go higher, but the upside will be relatively capped given the level of the...
The stabilization in energy prices lately has meant relief in some oil & gas stocks. Halliburton shares have been one of them, putting in a series of higher lows since mid-January. The pullback in the previous two weeks sets up for a low risk buying opportunity (stop loss under $41.90). HAL is now poised to fill the gap from November ($46.70-$47.50 range) in the...
The stock is certainly in a longer downtrend. A Turnaround is to early to tell - Even though, it can be time to start looking at a longer term Long position in the stock. Looking at the timecycles "Low to Low" from 2004 - present, It seems to come in a cycle Low every 76 to 81 weekly bars or every 500 to 550 days. We might now be at week 77 from an earlier Low....