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Bullish Moving Average Cross by Oil Services Holders Trust (OIH)

By David Diaz

Today, shares of Oil Services Holders Trust (NYSE:OIH) have crossed bullishly above their 10-day moving average of $28.86 on a volume of 862K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Oil Services Holders Trust has traded in a range of $20.46 to $39.80 and is now at $29.10, 42% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 0.3%.

SmarTrend is tracking the current trend status for Oil Services Holders Trust and will alert subscribers who have OIH in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses oil services holders trust

Ticker(s): OIH