Halliburton Company HAL shares are trading lower by $0.50 at $29.69 in Monday's session. Despite a Q4 EPS beat of $0.07 with inline revenues, the Street is placing more emphasis on comments from the company regarding a challenging 2016.
When the issue was unable to hold its early gains, it retreated and found support ahead of Friday's low ($29.43), reaching $29.43 before reversing course.
The ensuing rebound matched Friday's ($30.65) by reaching $30.66. Since making that high, it has been attempting to find support at the $29.60 area and stage another rally.
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