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Halliburton Slips After A 3 Day Bounce



January 13, 2011 – Comments (0)

Halliburton Co.(NYSE:HAL) is declining today by 0.60 cents to $39.29 a share. Recently the stock has staged a small three day bounce and today could be just some small profit taking. Halliburton stock will have minor intra-day support around the $39.20 area. Should the stock decline further the $38.75 level should be the next important support level. Both support areas could see small bounces intra-day.

Transocean Ltd.(NYSE:RIG), and Schlumberger Ltd.(NYSE:SLB) are also trading fractionally lower on the session. This is indicating that the sector is somewhat weak during the session, however, Halliburton is the weakest name in the group today.

Nicholas Santiago

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