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United States Oil Fund Crosses Below its 10-day MA (USO)

By Amy Schwartz

United States Oil Fund (AMEX:USO) shares have crossed bearishly below their 10-day moving average of $37.76 on a volume of 428K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

United States Oil Fund share prices have moved between a 52-week high of $39.54 and a 52-week low of $32.53 and are now trading 16% above that low price at $37.62 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for United States Oil Fund and will alert subscribers who have USO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:uso united states oil fund

Ticker(s): USO