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Oasis Petroleum Falling Today on Above-Average Volume (OAS)

By Nick Russo

Shares of Oasis Petroleum are trading down 1.5% to $11.06 today on above average volume. About 15.6 million shares have been traded today, as compared to the 30-day average volume of 11.2 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Oasis Petroleum on August 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.46. Since that recommendation, shares of Oasis Petroleum have risen 32.7%. We continue to monitor OAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Oasis Petroleum has traded in a range of $3.39 to $18.15 and is now at $11.06, 226% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 4.3%.

Keywords: unusual volume oasis petroleum

Ticker(s): OAS