Here’s Why You Need To Watch The Sectors
The Oil Index ($XOI.X)
decisively broke out of a range to a new 52-week high this morning.
That was why I decided to watch Halliburton Company
(HAL).
10:03:51 (From TradersWire)
|
Action |
Symbol |
Order Type |
Setup |
Stop |
 Target |
Current Price |
Posted By |
|
Buy |
HAL | buy stop at 41.32 | trying to take out yesterday’s high |
41.16 | 41.55 | 41.29 |
TK |
Look at the daily chart below (as of yesterday’s
close). HAL finished just above a rising short-term trendline, and looked ready
to challenge 42 again.
Helped by strong oil, the stock gapped up this morning. I thought it had a
chance to take out yesterday’s high. I placed a buy stop at 41.32.
10:32:12
Follow up on HAL (Pt 2)
It hit our target. Sell the remaining shares, or move stop to 41.45.Â
T.Kamada
Feel free to mail me your
questions.