iShares U.S. Oil Equipment & Services ETF IEZ

LD_Perspectives

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...

b6d1016fdeb149be865b678a8ac935 Pro Updated 

I'm neutral here. The question is, Is the trend broken? Time will tell.