Halliburton Heats Up

By

Gary Morrow

 | Feb 21, 2012 | 3:39 PM EST

Halliburton (HAL) is among the top gainers in a very active energy sector today. The oil services company is up just shy of 2.5% and is very close to a key resistance area near $37.90. The stock failed here after the Thanksgiving week rally and again last month, following the big move off the December lows.

Halliburton is currently working on a three-day rally and may be in early-breakout mode. The stock has been tracing out a bullish flag over the past three weeks and is now taking out the upper trendline. A close above the December/January peaks would set up Halliburton well for a continued move higher....267 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

You must be logged in to Real Money Pro to read the full article.

Already a Subscriber? Please login to read the full article.

Not a Subscriber> Read the remainder of this article and take advantage of the full breadth of Real Money Pro coverage.

TRY IT NOW! FREE FOR 14 DAYS
Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.