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Oneok Crosses Below its 10-day MA (OKE)

By James Quinn

Today, shares of Oneok (NYSE:OKE) have fallen below their 10-day MA of $46.53 on a volume of 473K 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, Oneok share prices have been bracketed by a low of $18.84 and a high of $48.97 and are now at $46.27, 146% above that low price. Over the past week, 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 February 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.60. Since that recommendation, shares of Oneok have risen 99.7%. 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