Oil Services Holders Trust Crosses Above its 10-day MA (OIH)
Today, shares of Oil Services Holders Trust (NYSE:OIH) have advanced above their 10-day MA of $26.85 on a volume of 2.3 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.
Over the past year, Oil Services Holders Trust has traded in a range of $20.46 to $39.80 and is now at $26.95, 32% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 0.3%.
SmarTrend is monitoring the recent change of momentum in Oil Services Holders Trust. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Oil Services Holders Trust in search of a potential trend change.
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