Halliburton stock price closed at $32.85 on Tuesday, up 1.4% amid strong energy sector momentum. Traders cite rising crude oil futures as a tailwind for oilfield services companies, suggesting further upside potential if commodity strength persists. A second report suggested the job market may be remaining in its “low- hire , low-fire” state. U.S. employers were advertising roughly the same number of job openings at the end of August as the month before. The hope on Wall Street had been for a number that’s neither too high nor too low, one balanced enough to keep the Federal Reserve on track to continue cutting interest rates . Halliburton ( NYSE:HAL - Get Free Report ) had its price objective raised by research analysts at Zephirin Group from $27.00 to $28.00 in a research report issued on Thursday, MarketScreener reports. The brokerage presently has a "buy" rating on the oilfield services company's stock. Zephirin Group's price target indicates a potential upside of 15.20% from the stock's previous close. Momentum traders highlight Halliburton stock price’s RSI levels approaching bullish thresholds, hinting at possible short-term rallies if buying volume accelerates.
