Basic Energy Services Crosses Above its 10-day MA (BAS)
Today, shares of Basic Energy Services (NYSE:BAS) have advanced above their 10-day MA of $26.13 on a volume of 127K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Basic Energy Services share prices have moved between a 52-week high of $29.61 and a 52-week low of $11.06 and are now trading 140% above that low price at $26.58 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 0.3%.
SmarTrend is tracking the current trend status for Basic Energy Services and will alert subscribers who have BAS in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses basic energy services