Exposing Ideas to the Envelope of Serendipity

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Thursday, February 24, 2011

Bubbling Crude

High-flying and currently adored (apologies to Andrew Lloyd Webber), oil services stocks have been bubbling. Judging from the long-term chart, they may have a little further to go before all is said and done. Very near-term I wouldn't be surprised to see some consolidation before the next push higher, however. Take a look at the OIH weekly chart for the big picture.

Trade well.

-- Brinkley
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