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Bearish Moving Average Cross by Oneok (OKE)

By David Diaz

Oneok (NYSE:OKE) shares have crossed bearishly below their 10-day moving average of $51.26 on a volume of 346K 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, Oneok share prices have been bracketed by a low of $18.84 and a high of $59.47 and are now at $50.70, 169% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 4.4% while the 200-day MA has slid 0.2%.

SmarTrend is tracking the current trend status for Oneok and will alert subscribers who have OKE in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses oneok

Ticker(s): OKE