Market Reactions to Halliburton Company (HAL) Stock Getting a Bullish Rating

Tuesday, July 7, 2020 3:40 PM | InvestorsObserver Analysts

The market has been high on Halliburton Company (HAL) stock recently. HAL gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Halliburton Company has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HAL!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With HAL Stock Today?

Halliburton Company (HAL) stock is trading at $12.55 as of 3:31 PM on Tuesday, Jul 7, a decline of -$0.48, or -3.72% from the previous closing price of $13.03. The stock has traded between $12.55 and $12.85 so far today. Volume today is below average. So far 6,762,849 shares have traded compared to average volume of 20,711,249 shares.

To see InvestorsObserver's Sentiment Score for Halliburton Company click here.

More About Halliburton Company

Halliburton is the world's second- largest oilfield-services company. Building from its origins pioneering oil and gas well cementing in the 1920s, Halliburton has evolved into the premier wellbore engineering company, with leading business lines in cementing, completion equipment, and pressure pumping. It added drilling services as a second key area of focus via its 1998 acquisition of Dresser and today stands second only to industry leader Schlumberger. Owing to its strategic bet on U.S. shale starting nearly two decades ago, Halliburton has played an unparalleled role in facilitating the shale revolution.

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