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StocksandBlogs.com

Oil Services Turning

Oil services stocks look like they are done going down. In fact, the last few days has seen stocks like Schlumberger (SLB), Baker Hughes (BHI), Transocean (RIG) and Gulf Island Fabrication (GIFI) form a nice looking bottom on steady upside volume. This is evident from the MACD cross-over in each of these.
 
I like all of these stocks, but my pick here is Schlumberger.

-- Faisal Laljee
Full Disclosure: I own SLB for my portfolios but I can change my position at any time without notice.
Published Thursday, January 25, 2007 5:00 AM by Faisal Laljee
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StocksandBlogs.com provides stock tips, equity research and markets commentary. This site will give you investment ideas that you can apply to your financial portfolio. By sharing my money making stock tips and research, I hope I can help you manage your wealth better - whether you are a long-term investor or looking for a quick trade, a bull or a bear. From Wall Street to Walmart, Commodities to Foreign Exchange, you will find it all here. My name is Faisal Laljee and you can email me anytime at flaljee@mail.stocksandblogs.com

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