There has been a lot said recently about OIH being near its low. Its point & figure chart shows a narrowed trading range and the possibility of breaking through its bearish resistance at $142 and a double top. Click here for the latest news articles. Also notice that Exxon Mobil Corp. [XOM] and Chevron Corp. [CVX] who between them demand 35% of the assets. Recently both have reversed into columns of X’s and may very well help OIH maintain its current demand status.
By DE Smith of MyPortfolioview.com