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Bearish Moving Average Cross by Oneok Inc (OKE)

By David Diaz

Oneok Inc (NYSE:OKE) shares have crossed bearishly below their 10-day moving average of $65.58 on a volume of 240K 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.

Oneok Inc share prices have moved between a 52-week high of $71.99 and a 52-week low of $49.65 and are now trading 32% above that low price at $65.46 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Oneok Inc on August 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $68.29. Since that call, shares of Oneok Inc have fallen 3.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses oneok inc

Ticker(s): OKE