Bearish Moving Average Cross by OGE Energy (OGE)
Today, shares of OGE Energy (NYSE:OGE) have fallen below their 10-day MA of $30.53 on a volume of 139K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, OGE Energy has traded in a range of $23.37 to $32.77 and is now at $30.34, 30% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.
SmarTrend recommended that subscribers consider buying shares of OGE Energy on March 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.17. Since that recommendation, shares of OGE Energy have risen 13.2%. We continue to monitor OGE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses oge energy