StockCall Early Morning Insight into Baker Hughes, Cameron Intl., Precision
Drilling, and RPC Inc.
LONDON, March 26, 2013
LONDON, March 26, 2013 /PRNewswire/ --
The shale oil boom in the U.S. has created significant opportunities for oil &
gas equipment & services companies such as Baker Hughes Incorporated (NYSE:
BHI), Cameron International Corporation (NYSE: CAM), Precision Drilling Corp.
(NYSE: PDS), and RPC Inc. (NYSE: RES). According to some estimates, the U.S.
is expected to overtake Saudi Arabia as the world's largest producer of oil
within the next few years, thanks to the shale oil revolution. Oil and gas
equipment & services companies have been shifting their focus to drilling and
exploration of shale oil and gas, and the trend is expected to continue. On
Monday, oil & gas equipment & services stocks ended on a mixed note even as
the broad market finished the day in red.StockCall has issued technical
analysis and charting reports on BHI, CAM, PDS, and RES. Download these free
reports now at
Shares of Baker Hughes Incorporated struggled in trading on Monday. The stock
finished the day 0.80% lower at $44.89 on volume of 3.13 million after
touching an intra-day low of $44.57. Baker Hughes' shares have struggled over
the past week. Despite the recent pullback, the stock is still up more than
10.20% for the year, easily outperforming the broad market. Baker Hughes Inc.
shares have slipped below their 50-day moving average, which is a bearish
signal. The negative trend is further confirmed by the stock's MACD chart.
Download the free research on BHI today by registering at
Shares of Cameron International Corporation edged higher in Monday's trading
session even as the broad market slipped. The stock closed 0.95% higher at
$63.79 on volume of 2.14 million. Cameron's shares have outperformed the broad
market so far in 2013, gaining nearly 13%. The stock, however, has been
struggling to break through $66 resistance level. Shares of CAM currently have
support at around $62. The stock is currently trading above its 50-day and
200-day moving averages, which is a bullish signal. Sign up and have access to
our free report on CAM at
Shares of Precision Drilling Corp. also rose sharply on Monday. The stock
ended the day 1.73% higher at $8.80 on above average volume of 1.67 million.
It touched an intra-day high of $8.90. Year-to-date, the stock has
underperformed the broad market, gaining nearly 7%, compared to a gain of
8.80% for the S&P 500. However, the stock has just crossed above its 50-day
moving average, which is a bullish signal. The upbeat trend is further
confirmed by the stock's MACD chart. Precision Drilling's shares currently
face resistance at around $9. Sign up and read the complimentary report on
RPC Inc.'s shares were amongst the major losers in the oil and gas sector on
Monday. The stock closed 1.64% lower at $15.63 on volume of 437,840. The stock
has fallen sharply over the past week. Despite the recent pullback, RPC Inc.'s
shares have gained more than 28.50% so far this year, easily outperforming the
S&P 500. Shares of the company have been facing stiff resistance at $16.50.
The stock's MACD chart suggests that market sentiment has turned bearish on
the stock. RPC's shares currently have support at $15.50. The free report on
RES can be downloaded by signing up now at
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