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HAL - Halliburton: Take The Profits And Wait For The Next Leg Down
Halliburton Company
About three months ago, I wrote an article in which I stated that Halliburton (HAL) had plunged to the extreme and thus it would greatly reward investors if the pandemic did not last longer than expected. Since my article, the stock has rallied 55% and hence the big question is what investors should do at the current stock price.
Business overview
The steep rally of Halliburton has been fueled by the rally of the price of oil, which has climbed to a 4-month high. The coronavirus crisis has caused a slump in