Seeking Alpha

InTheMoneyStock...'s  Instablog

InTheMoneyStocks.com
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
InTheMoneyStocks.com
My blog:
Pro Traders Rant and Rave Blog
  • Oil Services Stocks Nearing Extended Levels 0 comments
    Oct 26, 2011 10:27 AM | about stocks: OIH, BHI, SLB, HAL, RIG
    This morning, the highly followed and traded Oil Services Holders Trust (NYSE:OIH) is trading higher by $1.46 to $124.32 a share. The OIH has rallied sharply higher by $29.00 since the October 4, 2011 pivot low. Traders must watch for important daily chart resistance for the OIH around the $129.00 area. Short term traders must watch for intra-day resistance around the $125.50 level. Should the OIH pullback intra-day there will be some short term support around the $122.75 level.

    Other leading oil services stocks that are trading higher today include Halliburton Co (NYSE:HAL), Schlumberger Limited (NYSE:SLB), and Baker Hughes Inc (NYSE:BHI). Traders must remember that all of these leading stocks are part of the OIH, therefore, the OIH should be followed most closely.

    Nicholas Santiago
    InTheMoneyStocks.com

    Stocks: OIH, BHI, SLB, HAL, RIG
Back To InTheMoneyStocks.com's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.