A week ago, Guggenheim upgraded Halliburton from Neutral to Buy. Halliburton stocks closed at $40.66, a 3.1% gain over the course of one week.
Halliburton (NYSE:HAL) has potential upside of 20.4% based on a current price of $40.50 and analysts' consensus price target of $48.78. The stock should discover initial support at its 50-day moving average (MA) of $40.39 and subsequent support at its 200-day MA of $34.72.
Over the past year, Halliburton has traded in a range of $26.28 to $43.96 and is now at $40.50, 54% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.5%.
Halliburton Company provides energy services and engineering and construction services, as well as manufactures products for the energy industry. The Company offers services and products and integrated solutions to customers in the exploration, development, and production of oil and natural gas.