Use access key #2 to skip to page content.

inthemoneystock (< 20)

Oil Services Drip Lower

Recs

0

March 12, 2012 – Comments (0) | RELATED TICKERS: OIH , SLB , BHI

The popular and highly traded Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading lower by 0.71 cents to $42.39 a share. Short term traders should watch for intra-day support around the $42.18, $41.90, and $41.30 levels. The daily chart of the OIH will have support around the $40.75 area.

Some leading oil service stocks that are declining lower this morning include Halliburton Co (NYSE:HAL), Baker Hughes Inc (NYSE:BHI), and Schlumberger Ltd (NYSE:SLB). All of these charts remain in a weak position at this time and could have further downside in the near term.

Nicholas Santiago
InTheMoneyStocks.com

0 Comments – Post Your Own

Featured Broker Partners


Advertisement