Massive Move In Oil Service HOLDRs (OIH, HAL, RIG, BHI)

The energy complex is leading the stock market higher on Wednesday. A huge move is underway in the Oil Service HOLDRs Trust OIH, which has surged 3.82% on heavy volume and is currently sitting at the highs of the day. More than 3.5 million OIH shares have already traded hands with 4 hours left in the trading session. The gains in OIH are the result of some big jumps in individual component stocks. Halliburton HAL, for example, has surged 5.87% to $42.56. The price target on the stock was raised at FBR Capital Markets from $50.00 to $72.00. Other movers include Transocean RIG, Schlumberger SLB and Baker-Hughes BHI. Transocean shares have risen 1.65% to $79.54. Baker Hughes has surged 4.32% to $65.01 and Schlumberger is up 3.33% to $86.02.