Halliburton Company : A technical rebound under construction
By Anas Boumedian
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$39.44 | US$0 | US$36.4 | -100% |
The business displays a strong profitability, a low valuation, and Thomson Reuters forecasts underlines its growth potential. Analysts covering the stock are optimistic and target an ambitious price of USD 56.2 on average.
Technically, prices fell sharply in the last weeks. Nevertheless, the stock seems to be oversold, near to its USD 37.82 support in daily data. This level might stop the short term slumping and allow a vigorous technical rebound.
Most active investors could therefore open buyers positions to aim USD 48.3. However the position needs to be protected by a stop-loss order below the USD 37.8 support.