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Bullish Moving Average Cross by Oil States Intl (OIS)

By Nick Russo

Oil States Intl (NYSE:OIS) shares have crossed bullishly above their 10-day moving average of $25.47 on a volume of 140K 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, shares of Oil States Intl have traded between a low of $20.23 and a high of $41.75 and are now at $25.70, which is 27% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Oil States Intl on February 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $31.47. Since that call, shares of Oil States Intl have fallen 20.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses oil states intl

Ticker(s): OIS