Halliburton Volatile And Lower Despite Q2 Beat

Halliburton Company HAL shares are trading lower by $1.18 (3 percent) at $43.20 in Monday's session.

Before the open, the company reported a Q2 EPS beat of a nickel along with slight revenue beat. However, the euphoria from that report ended shortly after the open.

Following a higher open, Halliburton attempted to reach Friday's high ($45.61), but came up shy, only reaching $45.30 before sharply reversing course. The ensuing decline lasted nearly 30 minutes and didn't find support until it reached $42.50. That low coincides with its July 12 ($42.60) and July 13 lows ($42.67).

Coming off that low, the stock has climbed back into the lower $43.00 handle.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!