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Bullish Moving Average Cross by Oceaneering Intl (OII)

By Shiri Gupta

Today, shares of Oceaneering Intl (NYSE:OII) have crossed bullishly above their 10-day moving average of $25.96 on a volume of 172K 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.

Oceaneering Intl share prices have moved between a 52-week high of $27.41 and a 52-week low of $17.11 and are now trading 53% above that low price at $26.10 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has remained constant.

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

Keywords: moving crosses oceaneering intl

Ticker(s): OII