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Bullish Moving Average Cross by Oge Energy Corp (OGE)

By Nick Russo

Oge Energy Corp (NYSE:OGE) shares have crossed bullishly above their 10-day moving average of $33.76 on a volume of 227K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Oge Energy Corp have traded between a low of $29.59 and a high of $37.32 and are now at $33.94, which is 15% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Oge Energy Corp on February 23rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.46. Since that recommendation, shares of Oge Energy Corp have risen 3.7%. We continue to monitor OGE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses oge energy corp

Ticker(s): OGE