Long Stock Picks NBR – Oil Services Sector 3 15 2017

NBR – Oil Services Sector

We like this stock as a possible long for tomorrow for the following reasons:

  • The stock was in an uptrend until topping out at the beginning of the year

  • After pulling back steadily for several weeks the stock had a big gap down and sell-off day last week

  • Since then the stock has been spiking around at the lows

  • Today the stock gapped down but was not able to follow through, reversing to close near the highs