Haliburton (HAL) Offering Possible 17.65% Return Over the Next 9 Calendar Days

Haliburton's most recent trend suggests a bearish bias. One trading opportunity on Haliburton is a Bear Call Spread using a strike $68.00 short call and a strike $73.00 long call offers a potential 17.65% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $68.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock rose above the $73.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Haliburton is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Haliburton is bearish.

The RSI indicator is at 36.27 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Haliburton

Overview: Halliburton’s completion and production segment
Thu, 07 Aug 2014 17:00:22 GMT

Energy reform approved, Mexico to speed up deals with Big Oil -source
Thu, 07 Aug 2014 16:07:01 GMT
Reuters – UK Focus – After a months-long delay in passage of a landmark overhaul of Mexico's state-run energy sector, the government now plans to accelerate the timetable for inking joint ventures with private oil firms to …

Must-know: Halliburton expects to continue growing in 2014
Wed, 06 Aug 2014 21:09:05 GMT

An in-depth analysis of Halliburton’s 2Q14 earnings
Wed, 06 Aug 2014 17:09:04 GMT

HALLIBURTON CO Files SEC form 8-K, Other Events
Wed, 06 Aug 2014 16:46:10 GMT

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