Halliburton Heats Up
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.
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