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Bullish Moving Average Cross by Oceaneering International (OII)

By James Quinn

Oceaneering International (NYSE:OII) crossed over its 10-day moving average of $29.63 on a volume of 255K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Oceaneering International has traded in a range of $25.33 to $55.95 and is now at $30.71, 21% above that low. 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 recommended that its subscribers protect gains by selling shares of Oceaneering International on May 13th, 2016 by issuing a Downtrend alert when the shares were trading at $32.07. Since that call, shares of Oceaneering International have fallen 8.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses oceaneering international

Ticker(s): OII