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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 crossed bullishly above their 10-day moving average of $29.36 on a volume of 1.4 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.

In the past 52 weeks, shares of Oil Services Holders Trust have traded between a low of $20.46 and a high of $39.80 and are now at $29.47, which is 44% above that low price. 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 is tracking the current trend status for Oil Services Holders Trust and will alert subscribers who have OIH in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses oil services holders trust

Ticker(s): OIH