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Oasis Petroleum Bullish Moving Average Crossover Alert (OAS)

By Shiri Gupta

Today, shares of Oasis Petroleum (NYSE:OAS) have advanced above their 10-day MA of $12.58 on a volume of 1.2 million shares. This may provide short-term investors a chance 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 $13.90 and are now at $12.70, which is 90% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has risen 0.6%.

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

Keywords: moving crosses oasis petroleum

Ticker(s): OAS