Haliburton (HAL) Offering Possible 22.25% 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 $61.00 short call and a strike $66.00 long call offers a potential 22.25% 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 $61.00 by expiration. The full premium credit of $0.91 would be kept by the premium seller. The risk of $4.09 would be incurred if the stock rose above the $66.00 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 24.92 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

Ecuador Awards $2.12 Billion in Contracts to Boost Crude Output
Thu, 09 Oct 2014 00:13:49 GMT

Halliburton Awarded Mature Field Contracts from Petroamazonas
Wed, 08 Oct 2014 22:14:00 GMT
Business Wire – Halliburton today announced it has signed long-term contracts with Petroamazonas, Ecuador’s state-run oil company, to provide field development and project management, as well as drilling and completions services, across nine mature fields, including the Palo Azul, Lago Agrio and Victor Hugo Ruales fields.

The Zacks Analyst Blog Highlights: Baker Hughes, Halliburton, Schlumberger, Emerge Energy Services and Walgreen
Tue, 07 Oct 2014 12:32:24 GMT

U.S. Rig Count Down by 9 Mainly on Lesser Natural Gas Rigs
Mon, 06 Oct 2014 18:40:03 GMT

Horizontal rig count tapers off after attaining historic high
Mon, 06 Oct 2014 15:16:03 GMT

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