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

By Amy Schwartz

Today, shares of Oceaneering Intl (NYSE:OII) have advanced above their 10-day MA of $13.85 on a volume of 1.0 million 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.

Over the past year, Oceaneering Intl has traded in a range of $10.74 to $21.29 and is now at $14.12, 31% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

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

Keywords: moving crosses oceaneering intl

Ticker(s): OII