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.
Wednesday, April 1, 2015
Two Energy Names Worth A Look
"Frank began his career on Wall Street nearly two decades ago. He worked alongside some of the most respected traders on the street. He quickly realized his true talents were in his ability to interpret market technicals as well as behavior. He was a full-service broker until 2011 when he decided that his no-nonsense approach and expertise was better suited as an independent rather than under the reins of the brokerage business. Since his transition, Frank founded Zor Capital LLC and had successfully managed the portfolios of high net worth individuals. Outside of the cliche cookie cutter approach. His achievements and advice have been featured by CNBC, FOX Business, Yahoo Finance, Benzinga, Wall Street Journal, and CNN Money. Frank is widely regarded as an influential trader in the industry."