Haliburton's most recent trend suggests a bearish bias. One trading opportunity on Haliburton is a Bear Call Spread using a strike $39.00 short call and a strike $44.00 long call offers a potential 17.1% 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 $39.00 by expiration. The full premium credit of $0.73 would be kept by the premium seller. The risk of $4.27 would be incurred if the stock rose above the $44.00 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 below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for Haliburton
Halliburton slashes 1,000 jobs in eastern hemisphere
Fri, 12 Dec 2014 03:49:25 GMT
[$$] Halliburton to Lay Off 1,000 Workers
Fri, 12 Dec 2014 00:24:10 GMT
Halliburton (HAL) Stock Is Higher Today as Baker Hughes Merger Deal Advances
Thu, 11 Dec 2014 19:58:00 GMT
Halliburton slashes 1,000 jobs in eastern hemisphere
Thu, 11 Dec 2014 17:49:25 GMT
AFP – Halliburton, the world's second biggest oil services company, said Thursday it is slashing 1,000 jobs in its eastern hemisphere offices amid tumbling global oil prices. The layoffs, which are effective …
Halliburton sees $75 million charge for staff cuts after merger
Thu, 11 Dec 2014 16:52:37 GMT
Reuters – Oilfield services company Halliburton expects to take a $75 million charge in the fourth quarter as it trims staff following its planned takeover of rival Baker Hughes, a company official said at Capital …
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