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Today's Stock Pick: Halliburton Co (HAL) 11-Mar-2011

|Includes: Halliburton Company (HAL), SUN

Hello trader the stock markets go a little up today after a massive earthquake in Japan. Because of that, many factors occur and make stocks in some categories go up, i.e. infrastructures companies). I found these two stocks, one of them is a good stock to hold for an intermediate term (until one month or even longer) and the other stock is a good stock to hold in a shorter term.

The first stock is Halliburton Co (NYSE:HAL). The stock price rebounds from its bullish price channel's support and goes up. Both of MACD and slow stochastic are in their oversold area, and their fast lines are ready to cross above the slow lines. Beside that, the stock price always rebounds from its 50 days simple moving average. The price touches the 50 days moving average, so I think it would rebound and go to its resistance at around $50 or even higher.

The second stock is Sunoco Inc (NYSE:SUN). The stock price also rebounds from its shallow bullish price channel's support. The MACD and slow stochastic's fast lines also cross above the slow lines. But since the stock has a low volatility, I recommend you to hold this stock in a short period (just hold the stock until the price reach its resistance at around $45) and you would probably get a nice five percent in return.


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