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  • Oil Service Stocks Drop, Watch This Level  0 comments
    Aug 6, 2013 12:26 PM | about stocks: OIH

    Most of the leading oil service stocks are falling lower during today's trading session. The important Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading lower by 0.55 cents to $45.15 a share. Short term day traders should watch for intra-day support on the OIH around the $44.85 level. This is an area where day traders can look for a short term intra-day bounce.

    Some of the leading oil service stocks that are falling lower today include Baker Hughes Incorporated (NYSE:BHI), Halliburton Company (NYSE:HAL), and Schlumberger Limited. (NYSE:SLB). All of these stocks will generally trade in tandem with OIH, so traders can expect bounces in these names around the OIH support area.

    Nicholas Santiago
    InTheMoneyStocks.com

    (click to enlarge)

    Stocks: OIH
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