Parker Drilling Company  (PKD) Trade Now »     Rate PKD  -  Discuss PKD  -  Add to Watch List        

As the big energy providers desperately seek more untapped sources of oil and natural gas, there has been an epic jump in demand for drilling services providers.

The TFN Hot Stock Pick for this week is a Houston-based driller that operates 28 land rigs in ten countries and 18 barge rigs in the inland waters of Mexico, the U.S. Gulf of Mexico, and the Caspian Sea.

Filed under: General Electric (GE), Exxon Mobil (XOM), Market matters, Halliburton (HAL), Schlumberger Limited (SLB), Alcoa Inc (AA), Archer-Daniels-Midland (ADM), Bank of America (BAC), Boeing Co (BA), Chesapeake Energy (CHK), Chevron Corp (CVX), duPont(E.I.)deNemours (DD), Office Depot (ODP), Deere and Co (DE), Honeywell Intl (HON), United Technologies (UTX), Eaton Corp (ETN), Anadarko Petroleum (APC), Oil, Stocks to Buy, Burlington Northern Santa Fe (BNI), Norfolk Southern Corp. (NSC), Union Pacific Corporation (UNP), Cramer on BloggingStocks, Potash Corp. of Saskatchewan (POT)

A cup and handle pattern on the daily chart.

Please find our reading of the technicals of this chart and others at our public listing at stockcharts.com. You may use the following link to access the same:  

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1676634

Regards,

Purely Technical aka TheMarketMessenger