Over the past two months WHQ has been technically building a flat base while trading near all-time highs. The last 3 trading sessions have the price advancing with an increase in volume, showing some signs of accumulation.

The company is scheduled to report earnings on this Thursday (07/26/07). Stocks can be very volatile during earnings announcements. The average earnings estimate is for $1.16 a share and under the guidelines that would be compared to the same quarter a year ago, making for only a 30% increase. Also the previous 3 quarters show the earnings percentage change decreasing from +132%, to +91%, to +51% (and now possibly about +30%). The annual earnings growth year to year is slowing as well, with only an estimated +12% increase in 2008, down from the estimated 27% growth for the current year. Longer term investors would much rather see these numbers increasing. In short, WHQ might make a better short term trade than a longer term investment

W-H Energy Services, Inc. (WHQ - NYSE) operates as a diversified oilfield services company in North America and internationally. It provides a range of products and services used in connection with the drilling and completion of oil and natural gas wells, as well as the production of oil and natural gas. The company operates in two segments, Drilling Related Products and Services, and Completion and Workover Related Products and Services. The company's customers also include independent oil and natural gas companies, drilling contractors, and other oilfield service companies. W-H Energy Services, Inc. was founded in 1989 and is based in Houston, Texas