Teekay Offshore Partners Crosses Above its 10-day MA (TOO)
Today, shares of Teekay Offshore Partners (NYSE:TOO) have crossed bullishly above their 10-day moving average of $5.40 on a volume of 252K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of Teekay Offshore Partners have traded between a low of $2.30 and a high of $24.03 and are now at $5.60, which is 143% above that low price. Over the past week, the 200-day moving average (MA) has gone down 2.4% while the 50-day MA has advanced 4.3%.
SmarTrend is monitoring the recent change of momentum in Teekay Offshore Partners. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Teekay Offshore Partners in search of a potential trend change.
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