Oil Service Stocks Running On Fumes
Nicholas Santiago | May 15, 2013 02:19PM ET
Today, most of the leading oil service stocks are declining at the start of the trading day. One of the leading stocks in the sector that is falling lower is Baker Hughes Incorporated (BHI). This morning, BHI stock is declining lower by 0.80 cents to $45.78 a share. Short term traders should watch for intra-day support around the $45.58, and $45.00 levels. The daily chart is signaling support around the $43.80 level.
Some of the other leading oil service stocks that are pulling back today include Schlumberger Limited (SLB), Halliburton Company (HAL), Transocean Ltd. (RIG), and Apache Corp. (APA). Traders and investors that want to track the entire sector can follow the Market Vectors Oil Services ETF (OIH).
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