It's time to drill a bit deeper into the share price of oil services company Amec, says Marcus Bullus at www.mbcapital.co.uk.
After a mixed set of financial results, investors banked their recent profits, but the resulting sell-off has gone too far, creating a buying opportunity. The bottom of the three-month range at 1,000p offers support, along with the heavy oversoldness on the four-hourly chart. Buy a bounce off the 1,000p level, placing a stop safely below here.
