Haliburton Offering Possible 6.8% Return Over the Next 36 Calendar Days

Haliburton's most recent trend suggests a bullish bias. One trading opportunity on Haliburton is a Bull Put Spread using a strike $52.50 short put and a strike $47.00 long put offers a potential 6.8% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $52.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $5.15 would be incurred if the stock dropped below the $47.00 long put 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 up which suggests that the medium-term momentum for Haliburton is bullish.

The RSI indicator is at 72.68 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

Supreme Court Takes Halliburton's Frontal Assault On Securities Class Actions
Sat, 16 Nov 2013 15:29:00 GMT
Forbes – SCOTUS takes up a Halliburton appeal challenging a fundamental tool of class-action lawyers.

[$$] Supreme Court to Review Key Securities-Fraud Case
Sat, 16 Nov 2013 05:58:29 GMT
The Wall Street Journal – The Supreme Court agreed to take up a significant securities-fraud case that could make it harder for investors to bring class-action lawsuits alleging they were misled.

U.S. justices to hear Halliburton securities class action
Fri, 15 Nov 2013 21:41:29 GMT
Reuters – The U.S. Supreme Court, which in recent years has ruled for business in a string of high-profile cases, agreed on Friday to hear a case that could herald a dramatic decline in securities class action litigation. The case will give the justices an opportunity to re-appraise a 25-year-old precedent, Basic v. Levinson, that made it easier for securities class action cases to go beyond the preliminary certification stage. Shareholders, led by the Erica P. John Fund Inc, sued Halliburton Co, saying the company understated its asbestos liabilities while overstating revenues in its engineering and construction business and the benefits of its merger with Dresser Industries. Halliburton sought Supreme Court review after losing in lower courts.

Investor Suits Challenged as Court Takes Halliburton Case
Fri, 15 Nov 2013 21:21:39 GMT
Bloomberg – The U.S. Supreme Court accepted a case with the potential to transform securities litigation, agreeing to reconsider a precedent that has served as the foundation for shareholder suits for the past 25 …

Justices to hear case on shareholder lawsuits
Fri, 15 Nov 2013 20:57:27 GMT
USA TODAY – Supreme Court will hear a case brought by energy giant Halliburton over class-action suits.

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