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Look for Shares of Oil Services Holders Trust to Potentially Rebound after Yesterday's 1.67% Sell Off

By Nick Russo

Oil Services Holders Trust (NYSE:OIH) traded in a range yesterday that spanned from a low of $27.55 to a high of $28.16. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $28.10 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

Oil Services Holders Trust share prices have moved between a 52-week high of $39.80 and a 52-week low of $20.46 and are now trading 36% above that low price at $27.76 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.4%.

Keywords: rebounders oil services holders trust

Ticker(s): OIH