Oneok Set to Possibly Pullback After Yesterday's Rally of 2.35%
Oneok (NYSE:OKE) traded in a range yesterday that spanned from a low of $47.56 to a high of $48.41. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $47.89 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Over the past year, Oneok has traded in a range of $18.84 to $51.13 and is now at $48.32, 156% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 4.4%.
SmarTrend is tracking the current trend status for Oneok and will alert subscribers who have OKE in their portfolio or watchlist when shares have changed trend direction.
Keywords: rebounders oneok