Two Energy Names Worth A Look
Halliburton ($HAL) and Patterson Energy ($PTEN) are two stocks with similar technical set ups. Both have been basing for roughly 5 months after nasty gap downs in December. $PTEN is now trading above the high of the base and $HAL is close to trading above its high which is $44.37. Depending on your time frame I believe both offer a decent risk reward opportunity.
This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog. The stocks presented are not to be considered a recommendation to buy any stock. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.
Share This Story, Choose Your Platform!