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Halliburton Leads The Oil Service Stocks Lower

|Includes: VanEck Vectors Oil Services ETF (OIH)

This morning, many of the leading oil service stocks are trading lower at the start of the trading session. Halliburton Co (NYSE:HAL) is leading the decline trading lower by 0.64 cents to $44.00 a share. Short term day traders should watch the $43.60 area for short term intra-day support. This is a level where day traders can expect a bounce. The daily chart of HAL stock is still holding up fine by trading above the important 50-day moving average. HAL stock should have daily chart resistance around the $46.00 level.

Some other leading oil service stocks that are trading lower today include Baker Hughes Incorporated (NYSE:BHI), Schlumberger Limited. (NYSE:SLB), and Weatherford International Ltd (NYSE:WFT). Traders that want to track the entire sector can follow the Market Vectors Oil Services ETF (NYSEARCA:OIH).

Nicholas Santiago