Haliburton (HAL) Offering Possible 6.84% Return Over the Next 10 Calendar Days

Haliburton's most recent trend suggests a bearish bias. One trading opportunity on Haliburton is a Bear Call Spread using a strike $22.50 short call and a strike $27.50 long call offers a potential 6.84% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $22.50 by expiration. The full premium credit of $0.32 would be kept by the premium seller. The risk of $4.68 would be incurred if the stock rose above the $27.50 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Haliburton is bullish and the probability of a rise 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 24.16 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

Here’s What Hedge Funds Think About Halliburton Company (HAL)
Fri, 07 Jun 2019 15:28:12 +0000
Is Halliburton Company (NYSE:HAL) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks historically […]

Why Oil-Field Service Stocks Got Crushed in May
Fri, 07 Jun 2019 13:27:00 +0000
Oil prices — and a few other issues — weighed on the shares of oil-field service and equipment companies last month.

U.S. Crude Falls Into Bear Market on Massive Inventory Build
Thu, 06 Jun 2019 10:34:10 +0000
The federal government's EIA report revealed that crude inventories rose by 6.8 million barrels for the week ending May 31 to a nearly 2-year high.

Stock Market News: Halliburton Slides While American Airlines Flies
Wed, 05 Jun 2019 15:49:30 +0000
The stock market was mixed on Wednesday morning.

Halliburton (HAL) Gains As Market Dips: What You Should Know
Mon, 03 Jun 2019 21:50:09 +0000
In the latest trading session, Halliburton (HAL) closed at $21.60, marking a +1.46% move from the previous day.

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