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Oneok Crosses Above its 10-day MA (OKE)

By David Diaz

Today, shares of Oneok (NYSE:OKE) have crossed bullishly above their 10-day moving average of $50.24 on a volume of 294K 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, Oneok has traded in a range of $18.84 to $51.72 and is now at $50.78, 170% above that low. 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 recommended that subscribers consider buying shares of Oneok on August 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $46.92. Since that recommendation, shares of Oneok have risen 5.2%. We continue to monitor OKE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses oneok

Ticker(s): OKE