Street Says Schlumberger, Halliburton Breaking Out ...

[TraderTate + 186]

TheStreet is eyeing these two giant oilfield services stocks--SLB and HAL--for breakouts on positive tax news and rising oil prices ... Any takers?

[Carlsbad + 19]

Saw that, too but have a hard time following the technical indicators. Not my thing, so feel like I'm left in the dark. 

[TraderTate + 186]

I skipped over the Fibonacci retracement in the Street report, but I love the MACD indicator: 

 

Both firms saw their daily moving average convergence divergence (MACD) turn bullish in late November. Again, though, when taking a look at money flow, Halliburton is further along in its recovery than Schlumberger, and is actually starting to show some green. That has led to relative strength that indicates an overbought condition. Schlumberger is not quite there yet.

https://www.thestreet.com/story/14431173/1/schlumberger-and-halliburton-show-stark-differences.html

 

[Carlsbad + 19]

So basically, they're saying SLB is a better play based on technicals ... but what about fundamentals? Do fundamentals even matter anymore in the traders' world?