Sunday, April 23, 2017

Oil Service Stocks Get Slammed On Back Of Global Slowdown

This morning, many of the leading oil service stocks are trading sharply lower at the start of the trading session. Last night, all of the major stock indexes around the world sold off, this decline is certainly weighing on the oil services sector. Traders and investors can track the oil services sector by following the Market Vectors Oil Services ETF (NYSEARCA:OIH). Today, the OIH is trading lower by $1.17 to $41.40 a share. Day traders should watch for intra-day support around the $41.40, and $41.00 levels. Swing traders should watch and follow the daily chart of the OIH which is signaling support around the $41.00, and $39.50 levels.

Help With Managerial Accounting Homework

Need Help With Writing A Business Plan Some of the leading oil service stocks that are declining lower today include Baker Hughes Incorporated (NYSE:BHI), Halliburton Company (NYSE:HAL), Apache Corporation (NYSE:APA), and Superior Energy Services Inc (NYSE:SPN). All of these stocks are now getting oversold in the near term on the daily charts. Traders should continue to follow the OIH chart closely as the leading stocks in the sector will often trade in tandem with each other.

Nicholas Santiago

[[T_F]]Data Leak Prevention – Data Security Solutions – Information Theft Protection, Detection and Prevention Software Productstracefusion_signature=7a5acfa85a66bfa057ac5aa1559524b02fa5a53765fb0205bff67199babbdceba507234367dbb9e676af28a5d4b89f96b0b682abe43708219db62aa937e6c4ddc11b664883a179b46917cbffbf00169d296f937bfdb04ffec974ac62b29590048d1fd4f8ecee6ee0dab9dedee634ce535bf93995c7e5c1a7453f8342c11f9303fb7143d2776f20e631cdc74266b5849644f0a30f845cba7fe3d311316d056a954ec232b3520c33d0d48b4f29b1bab89ee510704ef4fc8bca0dd394e78649f49db8af4bc43e326cf7283c39fcc9fae292f0f4ca08c66b134e61448aaccf1411232144c540ccb8fd2a167f99b1767730565166fb6698ba3c7b6a81e7813dcda5b4a3a833703d389bf85d1b690c5a46aae40f55c910ddb226282ea739d64427a018deb0039320d48c6a726dec93daef0488c5a84fef4c41a514299ec94ab0baf6306474d6b2bc47b442d49e51ef6e1ca1ea93b781e4c3f6cc570e86e13ef3f409156ecaadefb6ceb5c9caf2dc7db80460631930fc1e5257d2eab1f9411d048538970d946c874f7649df60456de3bc3ce76989ddb97f5a690148a3f957b4498c5daa6bc0006e196fa53e1b1e288154b6dc447590a4b1c41e727344e73ef4bae0e0604858fd7ac9369191105727bb7f3ef51156476994c8931b8acbe34c210cb360ba36d334fef158414a2b2b77de53503e08669c3088d0cedd2c2507dfe0d807dfe125[[T_F]]

More on this topic (What's this?)
Oil Prices to Head Higher
Shell's Arctic Oil Disaster
Utica Shale Opportunities
Read more on Oil at Wikinvest

Tags: , , , , ,

| More

1 Response for “Oil Service Stocks Get Slammed On Back Of Global Slowdown”

  1. Level 3 Essay Writing Hi there,yeah this paragraph namely really good-looking and I have academic lot of things from it about blogging. thanks.

Business School Essay Comments are closed

Back to Top

Social Media Profiles



The New York Times logo CNN logo ABC logo CNBC logo