NEW YORK (TheStreet) -- Shares of oil services giant Halliburton (HAL) have performed well for investors. After beginning the year with 40% gains in its trailing 12 months, Halliburton has burned non-believers with year-to-date gains of 42%, outperforming the energy sector's 14% gain.
The stock closed Thursday at $70.35, just a few percentage points away from its 52-week high of $71.94. And the stock charged ahead further Friday, to $70.72 as of 11:45 a.m.
With second-quarter earnings due out Monday, investors want to know whether Halliburton has finally reached its ceiling. From where I sit, I don't believe it has.
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