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Charts, Stock Picks, and Technical Analysis from an Online Stock Trading Veteran

November 29, 2006

Oil Stocks Are Moving OIH ATI DVN PTEN COG

Filed under: Stock Sector — Online Stock Trading @ 8:58 am

The energy related oil stocks are moving higher after oil inventory numbers came out this morning. A few on my stock picks list I’m trading include OIH, ATI, DVN, PTEN, and COG. If momentum traders take hold of a few, I’ll add on breaks higher.

oih-112906.jpg

Here’s a shot of the OIH - Oil Service Holdrs. Note the move is now over the 200 daily moving average. Setting those stops in case these stocks decide to lose this break higher.

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