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Watch for Oneok Inc to Potentially Pullback After Gaining 1.03% Yesterday

By Shiri Gupta

Oneok Inc (NYSE:OKE) traded in a range yesterday that spanned from a low of $74.51 to a high of $74.90. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $74.52 on volume of 693,000 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 Inc has traded in a range of $50.26 to $74.90 and is now at $74.81, 49% above that low. The 200-day and 50-day moving averages have moved 0.30% higher and 0.41% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Oneok Inc on August 19th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.33. Since that recommendation, shares of Oneok Inc have risen 5.1%. We continue to monitor OKE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders oneok inc

Ticker(s): OKE