• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Oneok Inc (NYSE:OKE)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Oneok Inc (NYSE:OKE) based on the price action in the company's shares. Yesterday's price range of $68.50 and $69.45 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Traders and investors interested in shares of Oneok Inc may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

In the past 52 weeks, shares of Oneok Inc have traded between a low of $50.26 and a high of $77.21 and closed yesterday at $68.61, which is 37% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

Based on a current price of $68.61, Oneok Inc is currently 5.3% above its average consensus analyst price target of $65.00. The stock should hit resistance at its 50-day moving average (MA) of $71.36, as well as support at its 200-day MA of $67.43.

ONEOK, Inc., through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States.

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

Keywords: bullish am inside day candle oneok inc

Ticker(s): OKE