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
  • Weak Start For The Oil Service Sector 0 comments
    May 3, 2012 10:43 AM | about stocks: SLB, HAL, BHI, RIG

    This morning, the oil services stocks are all weak at the start of the trading session. The important and highly followed Market Vectors Oil Services ETF (NYSE:ARCA:OIH) is trading lower by 0.32 cents to $40.54 a share. Short term traders should watch for intra-day support around the $40.15, and $39.78 levels.

    Some of the oil service stocks that are declining lower today include Halliburton Company (NYSE:HAL), Schlumberger Limited (NYSE:SLB), and Baker Hughes Incorporated (NYSE:BHI). All of these stocks will generally trade in tandem with the OIH. Short term traders can watch for possible intra-day bounces in these stocks when the OIH reaches its support levels.

    Nicholas Santiago
    InTheMoneyStocks.com

    (click to enlarge)

    Stocks: SLB, HAL, BHI, 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.