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Oneok Crosses Below its 10-day MA (OKE)

By James Quinn

Today, shares of Oneok (NYSE:OKE) have crossed bearishly below their 10-day moving average of $54.20 on a volume of 344K 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.

Over the past year, Oneok has traded in a range of $18.84 to $59.47 and is now at $53.79, 186% above that low. 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 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