Bullish Moving Average Cross by Oasis Petroleum (OAS)
Oasis Petroleum (NYSE:OAS) crossed over its 10-day moving average of $9.83 on a volume of 2.7 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Oasis Petroleum has traded in a range of $3.39 to $18.15 and is now at $10.02, 196% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 4.3%.
SmarTrend recommended that subscribers consider buying shares of Oasis Petroleum on August 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.46. Since that recommendation, shares of Oasis Petroleum have risen 14.9%. We continue to monitor OAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses oasis petroleum