Oil Service Stocks Hit An Oil Slick

This morning, many of the leading oil service stocks are coming under some selling pressure. The highly followed and popular Market Vectors Oil Services ETF (NYSEARCA:OIH) is trading lower by 0.38 cents to $50.44 a share. Short term day traders should watch for intra-day support around the 449.98 area. This would be a level where the OIH is likely to see an intra-day bounce.

Nicholas Santiago
InTheMoneyStocks.com