DRC Is the Pick of Oil Services

Unrest in the Middle East, coupled with oversold natural gas prices that seasonally start upward this time of the year, led me to think that this might be a smart time to enter the oil and gas arena, particularly the equipment services group.

To that end, I scanned a selection of component stocks held in the iShares U.S. Oil Equipment & Services ETF (IEZ), looking for a chart that held promise. When I targeted one, I researched that company's fundamentals to confirm support the chart's favorable price pattern. The result? The Dresser-Rand Group (DRC) stood out as my top candidate for near-term upside potential. ...448 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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