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Oneok Bearish Moving Average Crossover Alert (OKE)

By Shiri Gupta

Today, shares of Oneok (NYSE:OKE) have crossed bearishly below their 10-day moving average of $49.54 on a volume of 516K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Oneok share prices have moved between a 52-week high of $59.47 and a 52-week low of $18.84 and are now trading 157% above that low price at $48.44 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 4.4%.

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

Keywords: moving crosses oneok

Ticker(s): OKE