Halliburton Slips After A 3 Day Bounce
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.