OIH - Halliburton: We Are Drilling Down For The Winners In Energy (Technical Analysis)
2024-03-22 08:00:35 ET
Summary
- We take a more in-depth look at the fundamentals of Halliburton with Lyn Alden.
- Lyn recommends companies with long-lived reserves, such as this pick.
- Halliburton is well positioned to benefit from this current upswing in the energy sector, and potentially outperform its peers.
By Levi at Elliott Wave Trader; Produced with Avi Gilburt
After such a torrid run up from the major low that was seen in the Fall of 2020, it was time for the entire Energy sector to rest. And, rest it did. Many names simply consolidated over time, others pulled back deeper via price. But, as a whole, we are now quite positive on the sector. However, there can be some names that are more favorite than others. Take a look with us at Halliburton (HAL). We’ll delve into the fundamentals with Lyn Alden. Then, Zac Mannes and Garrett Patten will help interpret the structure of price via the charts....
Halliburton: We Are Drilling Down For The Winners In Energy (Technical Analysis)