NEW BULLISH Plays

Halliburton Co. - HAL - close: 54.04 change: +0.81

Stop Loss: 52.40
Target(s): 57.50
Current Gain/Loss: unopened

Entry on November -- at $--.--
Listed on November 04, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 7.8 million
New Positions: Yes, see below

Company Description

Why We Like It:
HAL is in the basic materials sector. The company operates in the oil services industry. The company reported earnings on October 21st and beat profit estimates by a penny while revenues were in-line with expectations. Following the report HAL has garnered some bullish analyst comments and a couple of higher price targets.

HAL is currently testing short-term resistance near $54.00. A breakout here could signal a run toward its all-time highs near $57.75 or higher. I am suggesting a trigger to open bullish positions at $54.15. If triggered our first target is $57.50.
FYI: The Point & Figure chart for HAL is bullish with a $62.00 target.

Trigger @ 54.15

Suggested Position: buy HAL stock @ (trigger)

- (or for more adventurous traders, try this option) -

buy the 2014 Jan $55 call (HAL1418a55) current ask $1.86

Annotated chart: