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Watch for Oil States Intl to Potentially Rebound After Falling 1.84% Yesterday

By Shiri Gupta

Oil States Intl (NYSE:OIS) traded in a range yesterday that spanned from a low of $12.22 to a high of $12.57. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $12.43 on volume of 96,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Oil States Intl share prices have moved between a 52-week high of $33.94 and a 52-week low of $11.73 and are now trading 6% above that low price at $12.42 per share. The 200-day and 50-day moving averages have moved 0.17% lower and 0.32% lower over the past week, respectively.

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

Keywords: rebounders oil states intl

Ticker(s): OIS