Looks like Oil and Gas Equipment ETF is about to Run
I'm neutral here. The question is, Is the trend broken? Time will tell.
iShares US Oil Equipment & Services ETF forms bullish "Flag" chart pattern "Flag (Bullish)" chart pattern formed on iShares US Oil Equipment & Services ETF (IEZ:NYSE). This bullish signal indicates that the stock price may rise from the close of $22.83 to the range of $26.00 - $26.70. The pattern formed over 15 days which is roughly the period of time in which...
One of the items I'll be including for my client/desk research for tomorrow: iShares U.S. Oil Equipment & Services ETF (Last: $15.72) With oil majors in a much better position compared to prior years, we could see the suppliers to these majors start to be benefit as capex potentially rises. You could look at it as a "during a gold rush, sell shovels" type of...