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Oasis Petroleum Crosses Above its 10-day MA (OAS)

By Amy Schwartz

Oasis Petroleum (NYSE:OAS) shares have crossed bullishly above their 10-day moving average of $7.16 on a volume of 2.0 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.

Oasis Petroleum share prices have moved between a 52-week high of $17.08 and a 52-week low of $6.56 and are now trading 11% above that low price at $7.28 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 4.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Oasis Petroleum on February 7th, 2017 by issuing a Downtrend alert when the shares were trading at $13.52. Since that call, shares of Oasis Petroleum have fallen 48.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses oasis petroleum

Ticker(s): OAS