DALLAS, Texas - TwinTrader.com announces the publication of Breakout for BJS; highlighting public companies on the move and what’s behind the surge.
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“BJ Services Company and its subsidiaries provide pressure pumping and oilfield services for the petroleum industry worldwide. Its pressure pumping services consist of cementing and stimulation services used in the completion of new oil and natural gas wells, and in remedial work on existing wells onshore and offshore. The company's cementing services comprise blending high-grade cement and water with various solid and liquid additives to create a “cement slurry” that is pumped into a well between the casing and the wellbore; and stimulation services include fracturing, acidizing, sand control, nitrogen services, coiled tubing and service tools…
“BJ Services on Tuesday issued a fiscal fourth-quarter profit prediction above Wall Street estimates, citing expectations of increased drilling and margin improvements…
“BJ Services also noted it expects to post a profit of 54 cents to 57 cents per in the third quarter ending September, while analysts polled by Thomson Financial expect a profit of 50 cents per share…
“The stock shows strong buying and sharp corrections, which are quite normal in bull runs. The stock twice strayed too far from its 50-day moving average, corrected, and then nicely bounced off its 50-day MA...”
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