NEW YORK ( TheStreet) -- As Kenny Rogers sings in "The Gambler," "You got to know when to hold 'em, know when to fold 'em / Know when to walk away, know when to run." This is not only great advice for wildcatters but should also be heeded by traders and investors of oil services stocks.Today's table shows the 25 stocks that are the components of the Market Vectors Oil Services ( OIH) ETF ($41.35). The daily chart shows a wide trading range between the June 26, 2012 low at $32.54 and the highs set on Feb. 24, 2012 at $45.14 and Feb. 14, 2013 at $45.12. I show weekly and monthly pivots at $42.18 and $42.85, which failed to hold this week.
Today the oils-energy sector is 5.4% overvalued according to www.ValuEngine.com with the oil & gas field services industry 3.6% overvalued, the oil & gas drilling industry 1.7% overvalued and the oil field machine & equipment industry 3.9% overvalued.