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

By David Diaz

Today, shares of Oceaneering Intl (NYSE:OII) have advanced above their 10-day MA of $23.90 on a volume of 247K 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.

Oceaneering Intl share prices have moved between a 52-week high of $26.95 and a 52-week low of $17.11 and are now trading 44% above that low price at $24.57 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.6%.

SmarTrend recommended that subscribers consider buying shares of Oceaneering Intl on April 25th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.96. Since that recommendation, shares of Oceaneering Intl have risen 11.9%. We continue to monitor OII for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses oceaneering intl

Ticker(s): OII