Technical Briefing: Cameron, Baker Hughes, Precision Drilling, and Oil States
LONDON, August 7, 2013
LONDON, August 7, 2013 /PRNewswire/ --
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The US equity markets slipped on Tuesday, August 6, 2013. All three benchmark
indexes closed lower, with the Dow Jones Industrial Average falling 0.60%, the
S&P 500 falling 0.57%, and the NASDAQ composite declining 0.74%. Shares in oil
and gas equipment and services companies ended mostly lower, tracking losses
in the broader market. The major movers in the sector included Cameron
International Corp. (NYSE: CAM), Baker Hughes Inc. (NYSE: BHI), Precision
Drilling Corp. (NYSE: PDS), and Oil States International Inc. (NYSE: OIS). All
these companies are tracked by AAAResearchReports.com. Free technical research
reports on CAM, BHI, PDS, and OIS can be accessed by signing up at:
Cameron International Corp.'s stock fell sharply on Tuesday as the broader
market edged lower. The company's shares oscillated between $57.04 and $58.40
before finishing the day 1.40% lower at $57.25. A total of 2.82 million shares
were traded, which is above the daily average volume of 2.29. Cameron
International's shares have fallen 4.82% in the last three trading sessions
and 9.24% in the last three months, underperforming the S&P 500 in the
respective periods. Download free report on CAM upon registration at:
On Tuesday, Baker Hughes Inc.'s shares fell sharply, extending their losses
from previous trading sessions. The company's shares ended the day 1.25% lower
at $47.43 after oscillating between $47.23 and $48.02. A total of 3.13 million
shares were traded, which is below the daily average volume of 3.16 million.
The stock has dropped 2.02% in the last three trading sessions and 1.37% in
the last one month, underperforming the S&P 500 during the respective periods.
BHI technical report can be accessed for free by signing up at:
Shares in Precision Drilling Corp. ended higher on Tuesday even as the broader
market declined. The company's shares fluctuated between $10.30 and $10.50
before closing at $10.44, up 0.48%. A total of 0.95 million shares were
traded, which is below the daily average volume of 1.12 million. Although
Precision Drilling's stock has lost 0.76% in the last three trading sessions,
it has gained 18.77% in the last one month, outperforming the S&P 500. A free
report on PDS can be accessed by registering at:
Shares in Oil States International Inc. closed the day 1.75% lower at $91.43
after oscillating between $90.86 and $92.99. A total of 0.67 million shares
were traded, which is below the daily average volume of 0.92 million. Oil
States International's shares have fallen 4.22% in the last one month even as
the S&P 500 gained 4.01% during the same period. Register with AAA Research
Reports and download research on OIS for free at:
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