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  • Oil Service Stocks Pump It Up 0 comments
    Jun 17, 2013 10:47 AM | about stocks: OIH

    This morning, most of the leading oil service stocks are advancing higher to start the trading week. Today, the popular and highly followed Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading higher by 0.65 cents to $43.60 a share. Short term traders should watch for intra-day resistance around the $43.65, and $44.04 levels. The daily chart of the OIH is still trading above the important 50-day moving average which keeps the OIH in a strong technical position. There will be very good daily chart resistance around $46.00 level.

    Some of the leading oil service stocks that are trading higher today include Baker Hughes Incorporated (NYSE:BHI), Halliburton Company (NYSE:HAL), Schlumberger Limited (NYSE:SLB), and Apache Corporation (NYSE:APA). It is important to note that the oil service stocks will usually trade higher when oil prices increase, spot crude is trading higher by 0.39 cents to $98.24 a barrel.

    Nicholas Santiago

    (click to enlarge)

    Stocks: OIH
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