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Oil Services Holders Trust Bullish Moving Average Crossover Alert (OIH)

By David Diaz

Today, shares of Oil Services Holders Trust (NYSE:OIH) have advanced above their 10-day MA of $30.01 on a volume of 2.6 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.

Oil Services Holders Trust share prices have moved between a 52-week high of $39.80 and a 52-week low of $20.46 and are now trading 48% above that low price at $30.23 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Oil Services Holders Trust on September 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.79. Since that recommendation, shares of Oil Services Holders Trust have risen 3.7%. We continue to monitor OIH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses oil services holders trust

Ticker(s): OIH