Can Halliburton clear resistance at 47.50?

4 months ago
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.


HAL             currently sports a div             yield of 1.55%-
Here is their div             history:

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.
2 months ago
Comment: HAL has broken to the UPSIDE

Best of luck to you:)

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