I am stalking a small group of stocks in the (favored) oil service sector. The group is called 'Oil and gas, drilling and exploration' . In my opinion, the group as a whole (10 tickers) is turning bullish. I see a lot of weekly head and shoulders patterns and volume picking up.
As Weinstein writes in his book pg 122: "In the same vein, several such patterns forming in one group is a very bullish signal for that sector".
These are the tickers:
BHI, CEO, DRQ, ESV, HAL, NBR, NE, RIG, SLB, WFT
Any other thoughts on this group?
---
Amedee
Pulling the weeds and watering the flowers (since 10/06/2015)...
Amedee
Pulling the weeds and watering the flowers (since 10/06/2015)...