Investors should be buying shares of Halliburton C

Investors should be buying shares of Halliburton Company (NYSE:HAL) after the stock hit major support at $48.90 and reversed sharply, forming a bullish bottoming tail on the daily chart. In addition, it appears oil has hit near-term support and is likely to bounce. These factors should lead to a nice bounce. Investors who are buying can expect a near-term quick bounce to a $52.50 target.

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