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After Yesterday's Rally of 2.86% Shares Could Potentially Pullback

By Nick Russo

Oasis Petroleum (NYSE:OAS) traded in a range yesterday that spanned from a low of $9.69 to a high of $10.14. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $9.88 on volume of 5.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Oasis Petroleum have traded between a low of $3.39 and a high of $18.15 and are now at $9.74, which is 187% above that low price. The 200-day and 50-day moving averages have moved 0.61% lower and 4.32% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Oasis Petroleum . Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Oasis Petroleum in search of a potential trend change.

Keywords: rebounders oasis petroleum

Ticker(s): OAS