• Return to Headlines

Oil States International Bearish Moving Average Crossover Alert (OIS)

By Nick Russo

Oil States International (NYSE:OIS) crossed under its 10-day moving average of $31.77 on a volume of 159K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Oil States International have traded between a low of $21.44 and a high of $47.27 and are now at $29.30, which is 37% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.6% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Oil States International on February 17th, 2017 by issuing a Downtrend alert when the shares were trading at $36.72. Since that call, shares of Oil States International have fallen 12.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses oil states international

Ticker(s): OIS