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SmarTrend Watching for Potential Rebound in Shares of Oneok Inc After 1.22% Loss

By Nick Russo

Oneok Inc (NYSE:OKE) traded in a range yesterday that spanned from a low of $62.25 to a high of $63.48. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $62.51 on volume of 713,000 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 Oneok Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Oneok Inc in search of a potential trend change.

Over the past year, Oneok Inc has traded in a range of $49.65 to $71.99 and is now at $62.72, 26% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

Keywords: rebounders oneok inc

Ticker(s): OKE