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Oasis Petroleum Bullish Moving Average Crossover Alert (OAS)

By David Diaz

Today, shares of Oasis Petroleum (NYSE:OAS) have advanced above their 10-day MA of $12.43 on a volume of 1.8 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, Oasis Petroleum share prices have been bracketed by a low of $7.08 and a high of $13.90 and are now at $12.69, 79% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.4%.

SmarTrend is tracking the current trend status for Oasis Petroleum and will alert subscribers who have OAS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses oasis petroleum

Ticker(s): OAS