Halliburton (HAL) NewsBite - HAL Rises on Higher Oil

Posted: Wednesday, July 01, 2009 12:06 PM EDT

Halliburton (NYSE: HAL) opened at $21.02. So far today, the stock has hit a low of $20.93 and a high of $21.37. HAL is now trading at $20.94, up $0.24 (1.16%). Over the last 52 weeks the stock has ranged from a low of $12.80 to a high of $55.38. Shares of HAL are trading higher with other oil stocks today, helped by rising oil futures. Technical indicators for the stock are neutral and S&P gives HAL a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on HAL the stock seems like it could be a candidate for an August out-of-the-money bull-put credit spread below the 18 range. [ABR-Seven Summits Strategic Investments NewsBite]

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