Halliburton is and oil & gas equipment company within S&P500 index, market cap at $18.32B. Lost 48.98% from this day a year ago. The price target for most banks and funds is around $32-$50. The company went lower than expected so now, buyers could start looking at a cheap entry for a long.
Technical side shows a nice downtrend line being tested. Could be the...
I would encourage the analysts with a buy rating on this stock to have a look at this chart, then stick their money on it.
AVERAGE ANALYSTS PRICE TARGET $34
AVERAGE ANALYSTS RECOMMENDATION BUY
P/E RATIO 10.75
SHORT INTEREST 3%
Halliburton Co. engages in the provision of services and products to the energy industry related to the...
Looking at the chart it looks like HAL will be going to the upside with an expanding flat that momentum is going to the upside and will jump to the upside with energy making a comeback. The bollinger bands also show that an inflection point is going to be coming while momentum indicators show a possible trend to the upside.
look for a bounce as gas/ petro rebounds, and the Maduro regime collapses (opens the door to western capitalist energy companies)
Wait until sub $20 to get in, still haven't seen a capitulation bottom candle yet on the 1W (look for vol total greater than 90 million, preferably 115+ )
Whats up Traders -
Looking out here at a 'swing trade'.
I'm fully expecting:
oil prices to rise
Production to stay curtailed
The Iranian sanction lift to go off without a bearish pressure on the oil industry.
Summer Demand / increasing demand to cause shortages
Prices to Spike
Oil Companies profit outlooks to rise
Long Halliburton / Oil is a solid low...
Long-term/Position trading. The technical situation is almost 1 to 1 as of APC stock, the idea of which I published 2 weeks ago. A nice trend line and support near $25-30 could be a good opportunity to buy. However, if we don't continue this trend and oil prices will fall sharply, then we can see $15-20.