HOLDRS OIL SERVICE ETF
(OIH-NYSE):
Technical Viewpoint: From a low
of $37.29 on Dec 14, 2012 prices
rallied, reaching a
high of $39.51
on Dec 19, 2012. A
decline saw prices pull back, reaching a
low of
$37.55 on Dec 31, 2012.
Another rally saw prices penetrate
resistance, closing 1/4/13
at $40.64. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jan 3, 2013 when the solid line crossed the dotted line to the upside.
Support: Remains at $39.51. Resistance: Is at $41.20.
Point & Figure: Reversed to the upside on Dec 12, 2012. A P&F upside
reversal takes place at $37.00. Summary: Technical indicators have turned bullish. BUY! HOLDRS Oil Service ETF
(OIH-NYSE) @ $40.75 Stop: Use a protective stop of $38.75.
HOLDRS Oil Service ETF is currently trading @ $40.64 plus $0.79 on Jan 4, 2013. Price Objective:
$53.00. Risk/Reward: $2.00 VS. $12.25. Today's Risk Reward Ratio: 6:1
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