SmarTrend identified an Uptrend for Basic Energy Services (NYSE:BAS) on November 28th, 2012 at $10.28. In approximately 4 weeks, Basic Energy Services has returned 11.38% as of today's recent price of $11.45.

Over the past year, Basic Energy Services has traded in a range of $8.52 to $22.50 and is now at $11.24, 32% 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 remained constant.

Basic Energy Services, Inc. provides well site services to oil and gas drilling and producing companies. The Company operates well maintenance, workover, and fluid handling services through a fleet of well servicing rigs and fluid service trucks and equipment.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Basic Energy Services shares.

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