Due to what’s been going on with the riots and destructive off stores etc .. I’m looking for this glass stock to remain bullish. My technical analysis also confirms the bullish move it has been been making. It’ll retrace to $8 and then take off on the buy.
Oil States International, Inc. engages in the provision of specialty products and services to drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry. It operates through the following segments: Well Site Services, Downhole Technologies and Offshore or Manufactured Products. The Well Site Services segment consists of...
What I see...
+ Bread-out run throughout last week leading up to Earnings
+ Prices pulled back; seem to have found Support by the 50 MA
+ Multi cup/handle formation with higher lows
+ Prices moved sideway in the past 2 days with contracting vol.
- 0.5 Fib could be potential Resistance next
- Vol. is still on the low side
- Overall trend is still...
$OI has caught our attention as it trades at trendline support above $5, down from 52-week highs of $20. Like all other stocks, $OI has gotten hit due to corona, but we think $OI has a good risk/reward setup. The stock trades at just 2x this year's earnings and 0.13x sales. Last week, $OI put out and update and here's what management had to say.
Oil States International, Inc. engages in the provision of specialty products and services to drilling, completion, subsea, production, and infrastructure sectors of the oil and gas industry. It operates through the following segments: Offshore or Manufactured Products, Well Site Services, and Corporate. The Offshore or Manufactured Products segment designs,...
OI has formed a nice H&S. Indicators support it and so does the trend. I would really encourage you to scroll up the timeframe charts. This stock looks like it could get locked into a bearish downturn for a very long time with some fun gyrations. Overall score is a 10, so this will go to the top of the options shopping list.
there is a large H&S with two...
Owen-Illinois is going to benefit from the strength of the Euro and the Mexican Peso with its international operations.
Better price-cost margins enhancing system pricing to aid overall sales in the quarter.
Even with the company's higher costs with overall operational expenses, I believe the pros outweigh.
I believe the company will benefit from the...
OI is looking like it's bottoming at the long term support.
- RSI/MACD positive divergence
- RSI on Monthly in oversold area
- Increasing volume in diamond area
T1 May-Jul: 30.40
T2 May-Dec: 33.80