HALD trade ideas
HAL - Oil Continues to Grind HigherHalliburton has broken a 8 year downtrend and it looks like it can continue to go higher. Solid earnings report yesterday and the global demand for oil is strong amid sanctions on Russian oil. With a forward PE of around 23.58 and a dividend of 1.15%, this is exactly what the smart money wants right now.
I have been positioning into this for a long term investment and taking short dated calls on all pullbacks to the 20 ema on the 8hr chart.
This is not investment advice. Do your own research!
4/17/22 HALHalliburton Company ( NYSE:HAL )
Sector: Industrial Services (Oilfield, Services/Equipment)
Market Capitalization: 36.626B
Current Price: $40.76
Breakout price: $39.55 (hold above)
Buy Zone (Top/Bottom Range): $38.80-$36.00
Price Target: $42.40-$43.60 (2nd)
Estimated Duration to Target: 31-35d (2nd)
Contract of Interest: $HAL 5/20/22 42c
Trade price as of publish date: $1.91/contract
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2/13/22 HALHalliburton Company ( NYSE:HAL )
Sector: Industrial Services (Oilfield, Services/Equipment)
Market Capitalization: 30.120B
Current Price: $33.52
Breakout price: $31.10 (hold above)
Buy Zone (Top/Bottom Range): $32.10-$29.00
Price Target: $35.20-$36.60
Estimated Duration to Target: 90-94d
Contract of Interest: $HAL 4/14/22 35c
Trade price as of publish date: $1.89/contract
HAL - Was a nice run, but...HAL busted out of the gate with the energy sector and put it into high gear after earnings. Is moving sideways. With a bearish horizon on oil and energy possible lets keep an eye on the red support and resistance from 2019 and see if an opportunity presents itself. For now, moving sideways. Close or a break of lower flag area means time to look at the option chain on the PUT side.
Rising demand due to economic growth + supply disruptionEnergy stock have been doing pretty well for obvious reasons and i believe it will continue to perform.
Not a fan of technical analysis, nonetheless the charts looks like it broke on daily and is breaking on weekly.
Stop loss: ~ 23.70
Target ~ 37.90
Hello $HALWe have arrived at the 200EMA and have been pushed back slightly, its always a fight to cross over right?! Well this shouldn't be much of a fight with 5 weeks of bullish volume and for the last 3 of those weeks we've been over the 21MA 50EMA & 20EMA. So a position here isn't looking like a bad thing! A break over $25.10 should run the stock up to about $30 and I wouldn't be surprised if it pushed again after that... energy is doing well and will continue into the new year.
Halliburton HAL Continues To RiseSupporting News:
Kuwait oil company selected Halliburton for digital transformation projects
Crude oil climbed to their highest level since October 2018, on continued optimism about recovering demand as coronavirus restrictions continue to be relaxed in the U.S. and many parts of the world.
Halliburton HAL rebounded from the lower boundary of the channel in addition to holding above the exponential moving averages.
Price could target $24.85 and $26.00 consecutively.
HAL following lead from Oil futureHave been monitoring Halliburton recently, as the crude oil futures are in the up trend. Commodity up swing is likely still intact. It is now moving in tandem with S&P, at least direction wise.
Last Friday (4 June), the price tries to break out from the range. Notice the resistance in early March at $24.70 level. The big spread bar on 2 June with higher than usual volume seems to suggest commitment to the up side. Therefore, if subsequently price able to stay above $24.70, likely to reach target at $32.
Nearest support will place around $22.