OIS : Oil States outlook

This Houston-based provides a very large array of products and services to companies in the drilling business. One subsidiary specialize in sub sea pipelines, rigs and other deep sea drilling products. Oil States designs, manufactures and repairs it. They also rent completion-related tools and offer testing and flowback services. The second subsidiary is specialized in oil country tubular goods(rig tubes) which includes the casing and production tubing that is used to prevent the well bore from collapsing during drilling. Oil States is part of the largest distributors of tubular goods and logistics services in the world and offer a full range of OCTG sizes and grades. The third and last subsidiary is providing well site services such as on-site housing. As of May 2008, OIS was renting more than 4000 rooms to workers in Canadian oil sands regions. It also provide a wide array of accommodation for workers and rent equipment and offer drilling services. The stock of Oil States is correlated with USO even if this company could do very well with the oil barrel lower than 100. If the crude gets higher, this stock will too. If the crude just stay still, I expect Oil States Intl to outperform. On Wednesday 27th, the price has closed over the 50dma and refused to closed under it the next two days. The price went under it intraday both days but, the buyers were at the 50dma to buy. With this one, you know that if the price closes a day under the 50dma, it would be reasonable to sell and wait for the stock to get back over it. If you've looked at a short-term chart, you saw the price just over the 50dma. This average is not going up yet and the price will need to stay at the actual level or higher for the moving average to gain momentum.