Fast Money's Oil Stock Trades
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Date updated:09-02-2009

Melissa Lee, the moderator of the show, said the decline in China's market sent oil down below $70 a barrel as well as other commodities How should you trade the oil sector?

symbol name last price % change open
  • +
  • OIH
    Oil Service Holdr
  • $117.35
  • -2.74%
  • $116.20

I still think the Oil Service HOLDRs (OIH) is heading to $98, said Guy Adami.

People owning OIH also tend to own: BTUSPYXLEXOMDVNMPETSUN

TheStreet.com Rating: No Rating What is this?

  • +
  • FCX
    Freeport Mcmoran
  • $84.14
  • -3.64%
  • $83.59

I wouldn’t chase stocks, counsels Pete Najarian. But I would look at resistance and support in Freeport (FCX) and Nucor (NUE) and create target areas for buying.

People owning FCX also tend to own: ACIAINVANRAPCBBDBTUCHK

TheStreet.com Rating: D What is this?

  • +
  • NUE
    Nucor Cp
  • $41.81
  • -2.95%
  • $41.69

I wouldn’t chase stocks, counsels Pete Najarian. But I would look at resistance and support in Freeport (FCX) and Nucor (NUE) and create target areas for buying.

People owning NUE also tend to own: AXAFDXNOKRTPSLBTMDEBS

TheStreet.com Rating: C What is this?

  • +
  • RIG
    Transocean Ltd
  • $84.91
  • -1.68%
  • $84.00

I’ll get interested in Transocean (RIG) if it pulls back to $73, says Karen Finerman.

People owning RIG also tend to own: ABKBBDCFCDEFCXFREFWLT

TheStreet.com Rating: B- What is this?

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