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:HAL), Baker Hughes Inc (NYSE:BHI), and Schlumberger Ltd (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.