Bryan Leighton's Blog Posts Tagged 'RIG' (13)

OIH Intra Day Support

The Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading lower by 0.91 cents to $35.05 a share. The oil services sector has been weak since late February. The OIH daily chart is trading below both the 50 and 200 moving averages; look for intraday support at the $35.00 and $34.00 levels.

Nicholas Santiago

InTheMoneyStocks.com…

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Added by Bryan Leighton on May 31, 2012 at 11:05am — No Comments

Oil Services Get Drilled

The highly popular and important oil services stocks have been weak relative the major stock indexes since late February 2012. This morning, the Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading lower by 0.97 cents to $42.02 a share. It is important to note that the OIH is now trading below the daily chart 50, and 200 moving averages. This chart position puts this sector in a weak technical formation on the charts at this time. Short term traders can watch for intra-day support…

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Added by Bryan Leighton on March 21, 2012 at 10:30am — No Comments

Oil Service Stocks Are Lagging Crude

Crude oil has been surging higher as of late. On December 16, 2011 light sweet crude was trading as low as $92.52 a share. A few days ago crude traded near $110.00 a barrel. This morning, the highly followed and traded United States Oil Fund (NYSEARCA:USO) is trading higher by 0.30 cents to $41.22 share. Oil remains in a very strong uptrend on the daily charts at this time.



It is important to note that the Oil Service Holders Trust (NYSEARCA:OIH) is lagging the…

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Added by Bryan Leighton on March 1, 2012 at 11:00am — No Comments

Oil Service Stocks Pause Despite Geopolitical Events

Almost everyone that trades energy or the oil service stocks is talking about the Iranian situation in the Middle East. The tensions in the region seem to be building on a daily basis. This event is certainly keeping a bid in the oil and energy markets. Normally, these geopolitical events will keep a bid under the oil service stocks, however, at some point that will change. That is why it is best to use charts and not rely on the news when trading.



The Market…

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Added by Bryan Leighton on February 23, 2012 at 11:03am — No Comments

Oil Services Stocks Run Out Of Steam Early

This morning, all of the leading oil service stocks are coming under selling pressure. The popular and highly traded Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading lower by $2.25 to $128.85 a share. Short term traders can watch for intra-day support around the $128.00, and $127.00 levels. Traders can watch for intra-day bounces around these levels.



Some of the leading oil service stocks that are trading lower this morning include Halliburton Co…

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Added by Bryan Leighton on February 7, 2012 at 10:40am — No Comments

Oil Services Stocks Fuel Higher

This morning, the Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading higher by $2.17 to $126.16 a share. It seems that there was favorable court ruling for Transocean Ltd (NYSE:RIG) regarding the Deepwater Horizon oil spill. RIG stock is trading higher by $1.53 to $48.76 a share. Leading oil services stocks such as Halliburton Co (NYSE:HAL), Baker Hughes Inc (NYSE:BHI), and Sclumberger Ltd (NYSE:SLB) are all trading higher this morning. It is important to note that all of these…

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Added by Bryan Leighton on January 27, 2012 at 10:57am — No Comments

Oil Services Slide Early

This morning, all of the leading oil services stocks are declining lower. Earlier today, Halliburton Co (NYSE:HAL) reported earning that were below investors expectations. The stock is trading lower by $1.30 to $34.91 a share. Short term traders should watch for intra-day support around the $34.50 and $33.85 levels. The stock could see short term intra-day bounces from this area.



Traders that want to follow the entire oil services sector can follow the Market…

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Added by Bryan Leighton on January 23, 2012 at 10:13am — No Comments

How Much Fuel Is Left In The Oil Services Stocks?

The oil services sector has been very strong since December 19, 2011. The Market Vectors Oil Services ETF (NYSE:OIH) is trading higher again this morning. The OIH is climbing higher by $1.73 to $122.91 a share. Traders must watch for upside resistance on the daily chart around the $124.75 level. Short term traders can watch for intra-day resistance around the $123.50 and $124.00 levels.



Some leading oil services stocks that are trading higher at the start of the…

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Added by Bryan Leighton on January 19, 2012 at 10:18am — No Comments

Oil Services Slip On Grease

This morning, the oil service stocks are coming under selling pressure along with the major stock indexes. The highly popular Oil Services Holders Trust (NYSE:OIH) is trading lower by $2.77 to $122.81 a share. Short term day traders can watch for intra-day support around the $122.25, and $121.00 levels. The OIH will often trade inversely to the U.S. Dollar Index, therefore, traders should watch this inverse relationship closely.



Some of the leading oil service…

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Added by Bryan Leighton on December 7, 2011 at 10:37am — No Comments

Oil Services Stocks Nearing Extended Levels

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.…

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Added by Bryan Leighton on October 26, 2011 at 10:29am — No Comments

Oil Services Stocks Run Out Of Fuel

The oil service stocks are under some early selling pressure this morning. The popular Oil Services Holders Trust (NYSE:OIH) is trading lower by $3.93 to $118.25 a share. It is important to note that the OIH has had a huge rally since October 4, 2011 when it traded as low as $95.00 a share. Traders should watch for intra-day support around the $117.65 and $116.70 levels.



Other leading oil services stocks that are selling off this morning include Halliburton Co…

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Added by Bryan Leighton on October 17, 2011 at 11:03am — No Comments

Oil Services Stocks Continue To Climb

The oil services stocks have moved up sharply since the October 4, 2011 pivot low. At that time, the Oil Services Holders Trust (NYSE:OIH) traded as low as $95.00 a share. This morning, the OIH is trading higher $2.00 to $116.80 a share. Believe it or not, the OIH has gained over 21.0 points in less than six complete trading sessions, now that is a bounce. Traders should watch for intra-day support on the OIH around the $118.00, and $120.00 levels.…



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Added by Bryan Leighton on October 11, 2011 at 10:51am — No Comments

Oil Services Stocks Show Early Strength

The oil services stocks are trading higher to start the day. These stocks have been decimated along with everything else in the stock market over the past three weeks. This morning the Oil Services Holders Trust(NYSE:OIH) is trading higher by $2.08 to $133.37 a share. Traders should watch for short term intra-day resistance around the $135.00 area. Should the OIH sell off or decline throughout the session traders should watch the $129.50 area as short term intra-day support.…



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Added by Bryan Leighton on August 12, 2011 at 10:09am — No Comments

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