Oil Services Stocks Show Strength
This morning, the oil services stocks are all trading higher after a gap lower open. The highly popular Oil Services Holder Trust(NYSE:OIH) is trading higher by 0.77 cents to $152.45 a share. Traders must watch for intra-day resistance around the $153.00 and $154.25 levels.
Halliburton Co.(NYSE:HAL) is a leading oil services company. The stock is trading higher by 0.35 cents to $50.50 a share. HAL stock will have short term intra-day resistance around the $51.00 and $51.50 levels. Should HAL pullback in the session traders can watch for intra-day support around the $49.75 area.
Schlumberger Ltd.(NYSE:SLB) is another leading oil services company that is showing very good intra-day strength this morning. This stock is trading higher by $1.20 to $81.50 a share. Traders can watch for intra-day resistance around the $86.00 level. There will be more resistance around the $85.75 area should the stock continue to rally intra-day.