Haliburton (HAL) Offering Possible 12.61% Return Over the Next 8 Calendar Days

Haliburton's most recent trend suggests a bearish bias. One trading opportunity on Haliburton is a Bear Call Spread using a strike $69.50 short call and a strike $74.50 long call offers a potential 12.61% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $69.50 by expiration. The full premium credit of $0.56 would be kept by the premium seller. The risk of $4.44 would be incurred if the stock rose above the $74.50 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 43.44 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Haliburton

Halliburton in fracking joint venture in China
Fri, 11 Jul 2014 18:02:41 GMT

Halliburton To Bring Fracking Services To China
Fri, 11 Jul 2014 16:49:00 GMT

Halliburton Makes China Leap With Fracking-Services Venture
Fri, 11 Jul 2014 16:49:00 GMT

Halliburton Announces Joint Venture with SPT Energy Group
Fri, 11 Jul 2014 14:48:36 GMT
noodls – FOR IMMEDIATE RELEASE: July 11, 2014 Ceremony Held in Beijing to Celebrate the Establishment of Xinjiang HDTD Oilfield Services Company HOUSTON – July 11, 2014 – Halliburton (NYSE: HAL) announces that …

Halliburton Announces Joint Venture with SPT Energy Group
Fri, 11 Jul 2014 13:55:00 GMT
Business Wire – HOUSTON–(BUSINESSWIRE)– Halliburton (NYSE:HAL – News) announces that it has signed an agreement with the SPT Energy Group Inc. affiliate, Petrotech (Xinjiang) Engineering Co., Ltd., to establish a joint venture company focused on hydraulic fracturing and production enhancement services in Xinjiang, China. The new company, Xinjiang HDTD Oilfield Services Co. Ltd., will provide fracture stimulation services, including design and analysis, data acquisition, and pumping and chemical services in the Xinjiang Uygur Autonomous Region. This is Halliburton’s first joint venture for hydraulic fracturing services in China.

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