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Oasis Petroleum Bullish Moving Average Crossover Alert (OAS)

By Shiri Gupta

Oasis Petroleum (NYSE:OAS) crossed over its 10-day moving average of $12.64 on a volume of 1.4 million shares. Swing traders may find 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 Oasis Petroleum have traded between a low of $6.69 and a high of $13.70 and are now at $12.74, which is 91% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 2.3%.

SmarTrend recommended that subscribers consider buying shares of Oasis Petroleum on April 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.10. Since that recommendation, shares of Oasis Petroleum have risen 37.3%. 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