Haliburton's most recent trend suggests a bearish bias. One trading opportunity on Haliburton is a Bear Call Spread using a strike $67.00 short call and a strike $72.00 long call offers a potential 15.47% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $67.00 by expiration. The full premium credit of $0.67 would be kept by the premium seller. The risk of $4.33 would be incurred if the stock rose above the $72.00 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 36.8 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Haliburton
Analysis – BP ruling raises liability stakes for high-risk industries
Sat, 06 Sep 2014 00:06:17 GMT
Halliburton Ripening for a Buy
Fri, 05 Sep 2014 18:52:00 GMT
New fines could prompt BP to cut Russia exposure
Fri, 05 Sep 2014 18:43:04 GMT
New fines may prompt BP to cut back in Russia, elsewhere
Fri, 05 Sep 2014 18:40:48 GMT
Reuters – UK Focus – * New costs could encourage BP to reduce Russia exposure (Adds broader potential asset sales, Rosneft dividend) LONDON, Sept 5 (Reuters) – The prospect of up to $18 billion in new fines for the 2010 Gulf of Mexico oil spill could pressure BP to sell assets from the Americas to Asia and Russia, where its interests risk being dragged into a political standoff between Moscow and the West. “I wouldn't be surprised due to the ongoing crisis in Ukraine and Russia if BP would like to reduce its huge 19.75 percent stake in the BP-Rosneft joint venture to cut their risks there, even though it is profit making,” said Natixis (Paris: FR0000120685 – news) analyst Abhishek Deshpande. BP's assets in Russia generate up to a quarter of its global production and the company has said it remains firmly committed to them despite the crisis in Ukraine, where separatists are being supported by Moscow.
HALLIBURTON CO Files SEC form 8-K, Entry into a Material Definitive Agreement
Fri, 05 Sep 2014 14:53:45 GMT
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