Oil Services Stocks In Play

The Oil Services Holders TrustOIH is trading slightly lower on the session by $1.16 to $138.26. The move lower comes after a U.S. presidential commission blamed BP plcBP, Halliburton Corp.HAL, and Transocean Ltd.RIG for the gulf oil leak that occurred in April 2010. The OIH should have short term intra-day support around the $137.60 area. Should the OIH decline further the $137.00 area would be the next important intra-day support level. Traders could see intra-day bounces from both levels. Nicholas Santiago InTheMoneyStocks.com
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsGuidanceFuturesMarketsEnergyIntegrated Oil & GasOil & Gas DrillingOil & Gas Equipment & Services
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!