Surging Oil Stock To Avoid

Immediately following news of Donald Trump’s U.S. Presidential election victory, oil stocks surged. Halliburton (HAL) stock was last seen up more than 6.7% today, pacing for its best daily performance since October 2023. HAL is still underperforming for the year though, down 4% since January. And more losses could be on the way, as the stock is now flashing a historically bearish signal.The oil name has risen to its 50-day moving average, and per Schaeffer's Senior Quantitative Analyst Rocky White, it's run ...