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Oil Service Stocks Float Higher Early

Published 08/02/2012, 01:22 AM
Updated 07/09/2023, 06:31 AM
HAL
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BKR
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This morning, most of the leading oil service stocks are trading higher to start the day. The Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading higher by 0.20 cents to $39.29 a share. Short term traders should watch for intra-day resistance around the $39.48, and $39.65 levels. The daily chart for the OIH is now facing fairly strong resistance around the $40.00 level.

Some leading oil service stocks that are climbing higher today include Halliburton Co (NYSE:HAL), Schlumberger Limited (NYSE:SLB), and Baker Hughes Incorporated (NYSE:BHI). All of these leading stocks will generally trade in tandem with the OIH on an intra-day and daily chart basis.
OIH

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