Bearish Moving Average Cross by Oceaneering International (OII)
Today, shares of Oceaneering International (NYSE:OII) have fallen below their 10-day MA of $32.81 on a volume of 140K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Oceaneering International share prices have been bracketed by a low of $25.33 and a high of $55.95 and are now at $32.45, 28% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has slid 0.4%.
SmarTrend is monitoring the recent change of momentum in Oceaneering International. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Oceaneering International in search of a potential trend change.
Keywords: moving crosses oceaneering international