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April 24, 2006

UBS views on oil services, equipment, drillers, Mon., Apr. 24, 2006, 11:33 AM

The UBS research team is high on the oil services, equipment and drilling industry. Here is today's UBS report plus some chart and 4-week price performance data. Download file

Oil Services and Equipment group:

Four-Week Price Performance:
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Daily data charts:
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Weekly data charts:
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Offshore Services and Drilling

Four-Week Price Performance:
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Daily data charts:

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Weekly data charts:

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It looks to me that these stocks have significantly performed since following Katrina, and again for the past four to six weeks.

I note the RSI technical indicators is indicating an over-bought condition. It may be a good time to scale back, write calls or buy puts to lock in these gains.

Posted by Posted by Bill Cara on April 24, 2006 11:33:02 AM | Category: 10 Energy

Discourse

As we approach Hurricane season, it's very possible that these stocks get VERY overbought.

But, I took some gains on oils at the open today.

Posted by: g034 [TypeKey Profile Page] at April 24, 2006 1:54 PM [link]