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Bullish Moving Average Cross by Oceaneering Intl (OII)

By Nick Russo

Today, shares of Oceaneering Intl (NYSE:OII) have advanced above their 10-day MA of $16.10 on a volume of 101K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Oceaneering Intl have traded between a low of $10.74 and a high of $28.62 and are now at $16.28, which is 52% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.3%.

SmarTrend is monitoring the recent change of momentum in Oceaneering Intl. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Oceaneering Intl in search of a potential trend change.

Keywords: moving crosses oceaneering intl

Ticker(s): OII