ONEOK Partners Bearish Moving Average Crossover Alert (OKS)
ONEOK Partners (NYSE:OKS) shares have crossed bearishly below their 10-day moving average of $37.11 on a volume of 106K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of ONEOK Partners have traded between a low of $21.86 and a high of $42.50 and are now at $36.54, which is 67% above that low price. The 200-day and 50-day moving averages have moved 0.21% higher and 2.55% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of ONEOK Partners on April 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.15. Since that recommendation, shares of ONEOK Partners have risen 16.6%. We continue to monitor OKS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses ONEOK Partners