HOLDRS Oil Service ETF (OIH)NYSE
  Report No. 2447    Analysis by: Harry Aloof     JANUARY 7, 2013

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 line "A", 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 downside 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
                          

Three Part
Technical Chart

Daily Candle Stick Chart
Point & Figure Chart
Technical Study

Price Objective:
$53.00
Risk/Reward:
$2.00 VS. $12.25
Risk/Reward Ratio:
6:1

 

 

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