BDRTrigger33

Halliburton ($HAL) Gain on Down Day in Crude's Significance

Long
NYSE:HAL   Halliburton Company
Halliburton has gained upwards of 1.8%, or 21-22 cents/share, while the price of crude has fallen at the same time. While this is not wholly indicative in and of itself of a major trend, it's significance also should not be ignored: $HAL Is the top producer of oil manufacturing equipment while providing tops in arrays of field surveys; it is an indispensable cog in the rotation of the overall recovery in the crude market. The fact it has continued to correct while crude prices trend red today means that $HAL Is going to gain rapidly in the next weeks, perhaps ending the next month near 16-18 per share, even.

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