Halliburton Falls After Mixed Q4 Report

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Halliburton Company HAL shares are trading lower by $2.00 (3.5 percent) at $54.45 in Monday's session.

Investors are not pleased with its mixed Q4 report that revealed a Q4 EPS beat of $0.02 along with a slight revenue miss. Also weighing on shares are lower Crude Oil prices.

After a lower open, it managed a $0.20 bounce to $55.20 before continuing its move lower. So far, the ensuing decline has taken the issue to $53.92 and it has rebounded back into the mid-$54.00 handle. The current low coincides with its January 14 low of $54.19.

If the decline continues, the next support level based on the daily charts may not come in until the pair of lows under $54.00 from December 29 ($53.84) and December 30 ($53.61).

Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
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