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Oil Services Stocks Get Rattled



March 10, 2011 – Comments (0)

The major oil services stocks are declining lower this morning. The highly traded Oil Services Holders Trust(NYSE:OIH) is declining lower this morning by $5.17 to $152.99 a share. The OIH will come into some strong intra-day support around the $151.50 level. Aggressive traders can look for an intra-day bounce around that level.

Halliburton Co.(NYSE:HAL) is a leading oil services stock that is declining today by $1.27 to $43.97 a share. This stock has already bounced intra-day off of its daily chart 50 moving average at $43.41. Therefore, should the stock trade down below that level again traders should watch the $43.00 area as the next important intra-day support area.

Nicholas Santiago

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