• Return to Headlines

InterOil Crosses Above its 10-day MA (IOC)

By James Quinn

InterOil (AMEX:IOC) shares have crossed bullishly above their 10-day moving average of $32.44 on a volume of 1.9 million 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, InterOil share prices have been bracketed by a low of $21.18 and a high of $61.15 and are now at $42.56, 101% above that low price. The 200-day and 50-day moving averages have moved 0.82% lower and 0.89% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in InterOil. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of InterOil in search of a potential trend change.

Keywords: moving crosses amex:ioc interoil

Ticker(s): IOC