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

By Shiri Gupta

Today, shares of Oasis Petroleum (NYSE:OAS) have crossed bearishly below their 10-day moving average of $9.84 on a volume of 2.3 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Oasis Petroleum share prices have moved between a 52-week high of $18.15 and a 52-week low of $3.39 and are now trading 187% above that low price at $9.72 per share. The 200-day and 50-day moving averages have moved 0.61% lower and 4.32% higher over the past week, respectively.

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