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Oceaneering International Crosses Above its 10-day MA (OII)

By David Diaz

Oceaneering International (NYSE:OII) shares have crossed bullishly above their 10-day moving average of $27.85 on a volume of 135K 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.

Oceaneering International share prices have moved between a 52-week high of $55.95 and a 52-week low of $25.33 and are now trading 11% above that low price at $28.13 per share. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Oceaneering International on May 13th, 2016 by issuing a Downtrend alert when the shares were trading at $32.07. Since that call, shares of Oceaneering International have fallen 13.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses oceaneering international

Ticker(s): OII