Oil Service Stocks Remain In The Green
Nicholas Santiago | Jun 29, 2012 02:19AM ET
This morning, many of the leading oil service stocks are trading higher despite the lower stocks market indexes. The highly popular and followed Market Vectors Oil Services ETF (NYSE:OIH) is trading higher by 0.33 cents to $34.35 a share. Short-term traders should watch for intra-day resistance around the $34.40, and $34.75 levels.
Some leading oil service stocks that are trading higher today include Halliburton Co (NYSE:SLB ). All of these stocks should be watched closely today as they are showing good intra-day relative strength. Stocks with relative strength will often lead markets higher if the major stock indexes head higher.
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