Heavy Volume Lifts Halliburton
The steep eight-week slide that dragged shares of Halliburton (HAL) 20% lower may have finally ended. The oil and gas services company is surging more than 4% on very heavy trade after this morning's first-quarter earnings report.
Halliburton's above expectation profit sparked a powerful gap-higher open that lifted the stock above heavy trendline resistance. Despite the overall weak action in the averages, HAL has remained well bid and is now trading at fresh April highs. This is an impressive recovery for a stock that was trading at new 2012 lows just last week....265 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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