Bought 20% OIH @ $17.29 Stop @ $16.79 Target @ $19.95 edited later in the day to add reasoning behind the trade: Oil has been trading in an uptrend channel since the beginning of the year. It broke out this week, and at the same time moved above the 200-DMA. Both are bullish signals for oil, with a long-term downtrend target near $72. Meanwhile, the oil services sector has also been trading in a channel. … read more Trade Alert