Wednesday, May 23, 2012

Oil Services Stocks Run Out Of Steam Early

This morning, all of the leading oil service stocks are coming under selling pressure. The popular and highly traded Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading lower by $2.25 to $128.85 a share. Short term traders can watch for intra-day support around the $128.00, and $127.00 levels. Traders can watch for intra-day bounces around these levels.

Some of the leading oil service stocks that are trading lower this morning include Halliburton Co (NYSE:HAL), Baker Hughes Inc (NYSE:BHI), and Schlumberger ltd (NYSE:SLB). All of these stocks are short term overbought on the daily chart and may need to pullback or consolidate in the near term.

Nicholas Santiago
IntheMoneyStocks.com



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

InTheMoneyStocks.com is a research and consulting company focused on guiding investors, swing traders and day traders to financial success. Their Chief Market Strategists analyze the markets while making calls on everything from stocks to commodities and currencies. Their goal is to not only guide their subscribers but also teach them their proprietary methods leading them to become investing and trading masters.
Nicholas Santiago
Nicholas Santiago

Tags: , , , ,



| More

Related Articles

Leave a Reply

Back to Top

Social Media Profiles

ADVERTISEMENT

BUSINESS NETWORKS

The New York Times logo CNN logo ABC logo CNBC logo