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Oasis Petroleum Bearish Moving Average Crossover Alert (OAS)

By Amy Schwartz

Today, shares of Oasis Petroleum (NYSE:OAS) have fallen below their 10-day MA of $10.07 on a volume of 2.3 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Oasis Petroleum have traded between a low of $3.39 and a high of $18.15 and are now at $9.82, which is 190% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 4.3%.

SmarTrend recommended that subscribers consider buying shares of Oasis Petroleum on August 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.46. Since that recommendation, shares of Oasis Petroleum have risen 22.7%. We continue to monitor OAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses oasis petroleum

Ticker(s): OAS