Oil & Gas Sector Bouncing Back

After being the worst performing area of the market in yesterday's trading session, the Oil & Gas sector is one leading the market in today's action, currently up 2.03% on the day. The best performing stocks currently in the S&P 500 Oil & Gas Sector are: 1) Tesoro TSO: Shares of Tesoro are currently trading up 4% from yesterday's close to $21.76. The stock has lost 11.9% over the past ten trading sessions. Shares have strong support at $20.60 – a level dating back to February 9th. Until that, no support comes into play until $17.68. 2) Marathon Oil MRO: Shares of Marathon Oil are currently trading up 3.5% from yesterday's close to $51.33. The stock broke above its 50-day simple moving average (one year daily chart) in today's session. The stock has been stuck in a consolidation range between $49.50 and $54 since March 21st. 3) Cameron International CAM: Shares of Cameron International are currently trading up 3.4% from yesterday's close to $45.28. Cameron's 50-day simple moving average is close to breaking below its 200-day simple moving average (one year daily chart), which is a bearish technical indicator known as the “Death Cross.” The stock has strong support around $42.70 – a level which dates back to November 3rd. After that, no support comes into play until $38.49. 4) National Oilwell Varco NOV: Shares of National Oilwell Varco are currently trading up 3.4% from yesterday's close to $71.42. The stock has strong resistance around $73.70 – a level that has been tested (without success) multiple times over the past three weeks. 5) Valero Energy VLO: Shares of Valero Energy are currently trading up $2.9% from yesterday's close to $25.03. The stock has strong support around $24 – a level which dates back to January 19th. After that, no support comes into play until $20.86.