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Bullish Moving Average Cross by Oceaneering Intl (OII)

By Amy Schwartz

Today, shares of Oceaneering Intl (NYSE:OII) have advanced above their 10-day MA of $26.04 on a volume of 132K 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.

In the past 52 weeks, Oceaneering Intl share prices have been bracketed by a low of $17.11 and a high of $28.62 and are now at $26.20, 53% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.3%.

SmarTrend recommended that subscribers consider buying shares of Oceaneering Intl on April 25th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.96. Since that recommendation, shares of Oceaneering Intl have risen 22.8%. We continue to monitor OII for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses oceaneering intl

Ticker(s): OII