OIH: A Coiled Spring About To Release Accumulated Potential (Archive)
Coiled spring poised for powerful upside in oil services via OIH ETF.
This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.
Elevator Pitch
- Underinvestment in upstream O&G puts the oil services sector in a coiled spring of accumulated potential.
- My technical analysis framework based on Trend Flow, Support/Resistance Location, and False Breakout Traps suggests that the OIH ETF is poised to outperform the S&P 500.
- Key fundamental drivers of the OIH ETF include increased drill rig counts in North America and management commentaries about new upstream capex.
Read the full article here.
Disclosures and Disclaimers
Past performance ≠ future results. Not investment advice. See full Disclaimer.
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