Oil Service Stocks Are Full Of Energy
This morning, the oil service stocks are showing good intra-day strength to start the day. The popular and highly traded Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading higher on the session by 0.67 cents to $45.63 a share. Short term day traders should watch for intra-day resistance around the $45.85, and $46.17 levels. Today, the trading volume is extremely light in the major stock indexes so there is a good chance that the OIH could reach these levels in today's trading session.
Some of the leading oil service stocks that are trading higher today include Halliburton Company (NYSE:HAL), Baker Hughes Incorporated (NYSE:BHI), and Transocean Ltd. (NYSE:RIG). All of these stocks are trading higher today due to the conflict in the MIddle East.