A look through the CandleGlance groups shows stocks in the oil equipment and services group moving higher on Tuesday. The image below shows four of the six stocks along with the DJ Oil Equipment & Services Index ($DJUSOI). Most of the stocks are up more than 2% with giant Schlumberger up over 3%.
Click this image for a live chart.
About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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