It’s been nearly two years since National-Oilwell Varco, Inc. NOV 1.05% has recorded a bullish golden cross technical formation in its chart, but the battered stock’s 50-day simple moving average (SMA) finally crossed above its 200-day SMA a little more than a month ago. It’s been a long ride down for oil services stocks like National-Oilwell Varco, but a growing number of them are finally demonstrating bullish long-term technical signs.

Schlumberger Limited. SLB 0.8% recorded a golden cross back in April. Halliburton Company HAL 0.73%’s golden cross happened back at the beginning of May. After a failed merger with Halliburton,Baker Hughes Incorporated BHI 1.82% finally became the latest member of the integrated oil services club to log a golden cross just last week.

Weatherford International Plc WFT 3.34% shareholders are still waiting for their golden cross, however. It looks like it might be a while. The stock is currently trading well below both its 50-day and 200-day SMAs.

Earlier this month, Citi analyst Scott Gruber reiterated…

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