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Shares of Oneok Inc Rise to a New 52-Week High

By Nick Russo

Oneok Inc (NYSE:OKE) traded today at a new 52-week high of $76.63. So far today approximately 407,000 shares have been exchanged, as compared to an average 30-day volume of 2 million shares.

Oneok Inc (NYSE:OKE) is currently priced 14.5% above its average consensus analyst price target of $65.00. The stock should discover initial support at its 50-day moving average (MA) of $69.95 and subsequent support at its 200-day MA of $66.16.

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.

Over the past year, Oneok Inc has traded in a range of $50.26 to $76.63 and is now at $76.06, 51% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Oneok Inc on August 19th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.33. Since that recommendation, shares of Oneok Inc have risen 5.9%. We continue to monitor OKE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows oneok inc

Ticker(s): OKE