StockCall Pre-Market Review on Halliburton, Helix Energy Solutions, Cal Dive Intl., and Energy XXI
LONDON, April 12, 2013 /PRNewswire/ --
Markets continue their upward ascent on the back of encouraging quarterly earnings reports. Retail sector provided positive impetus to the market and the major indices closed in green territory. Unemployment benefits also showed surprise drop. However, an IDC report showing decline in PC shipments caused tech stocks to panic. Our research team scanned the Basic Materials sector and followed companies like Halliburton Company (NYSE: HAL), Helix Energy Solutions Group Inc. (NYSE: HLX), Cal Dive International Inc. (NYSE: DVR) and Energy XXI (Bermuda) Limited (NASDAQ: EXXI). StockCall analysts initiated preliminary technical research on HAL, HLX, DVR, and EXXI. These free reports are accessible by signing today at
http://www.stockcall.com/register
Halliburton Company closed its latest trading session at $41.17, up 1.93 percent from its previous close. The stock traded in the range of $40.11 and $41.24 in Thursday's session and traded 10.08 million shares. It is likely to face its first resistance level at $41.72 and upon breaching this level the stock may go up to $42.54. On the downside, Halliburton may tumble to $40.73 level. The stock is highly volatile as it sports beta of 1.580. So far in 2013, it gained 21.05 percent whereas in the past 52 weeks, it lost 25.63 percent of its value. The stock is in a bullish mode. The free technical analysis on HAL is available by signing up at
http://www.StockCall.com/HAL041213.pdf
Helix Energy Solutions Group Inc. traded in the range of $23.26 and $23.90 in yesterday's trading session. Its volume stood at 1.22 million shares, up from its average daily volume of 983,002 shares. Helix Energy closed the session at $23.54, down 1.47 percent. The stock is currently trading below its short-term moving average price of $23.57, showing a neutral trend. In the coming sessions, the company is expected to go as high as $23.68, while its first support level is at $22.68. The stock has appreciated 17.41 percent on a YTD basis, while it grew 33.83 percent in the past 52 weeks. Register now to download the free research on HLX at
http://www.StockCall.com/HLX041213.pdf
Cal Dive International Inc. made an upward movement with 3.26 percent gain in Thursday's session. The company's stock ended at $1.90 which is also its highest price point for the session. In the past 12 months, the stock has slumped 42.77 percent while its YTD gain stands at 13.1 percent. It trades at beta of 1.91, which implies high volatility. It traded 1.29 million shares during yesterday's session, in comparison to its regular daily volume of 1.48 million shares. In the coming sessions, the stock is expected to go up to $2.17 level. Free report on DVR can be accessed by registering at
http://www.StockCall.com/DVR041213.pdf
Energy XXI (Bermuda) Limited is trading below its long-term moving average price, indicating a neutral trend. It also closed its latest trading session at $25.86, down 0.71 percent. The stock made a downward movement with below average volume of 832,457 shares. The company trades at Price/Earnings ratio of 10.47 which is lower than the industry's average, making the stock an inexpensive proposition. However, the stock tumbled 15.78 percent this year while its 52 weeks decline stands at 25.18 percent. Register with StockCall and download the research on EXXI for free at
http://www.StockCall.com/EXXI041213.pdf
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