Username Password
S&P 500: 1,317.11 Change: -0.21%
inthemoneystocks
At least 5 active picks are required to calculate a P&P score.

inthemoneystocks' Blog : Oil Services Stocks Run Out Of Fuel

Date October 17, 2011    Comments Comments (0)    Rate this post Recommend This Post (40)   
Bookmark and Share
Abuse this post  Report Abuse
Please report this as abuse only if you believe it violates People And Picks  Terms of Use
You must log in to send an abuse report.
Share ThisShare This

The oil service stocks are under some early selling pressure this morning. The popular Oil Services Holders Trust (NYSE:OIH) is trading lower by $3.93 to $118.25 a share. It is important to note that the OIH has had a huge rally since October 4, 2011 when it traded as low as $95.00 a share. Traders should watch for intra-day support around the $117.65 and $116.70 levels.


 


Other leading oil services stocks that are selling off this morning include Halliburton Co (NYSE:HAL), Schlumberger Limited (NYSE:SLB), Transocean Ltd. (NYSE:RIG), and Diamond Offshore Drilling Inc (NYSE:DO). All of these leading oil services stocks are part of the OIH and will usually trade very closely together.


Nicholas Santiago


InTheMoneyStocks.com


Tags : OIH   HAL   DO   RIG   SLB   USO  

Want to comment on this post? Sign up now. It's FREE!
Already registered? Log In.
Sponsored Links