Oasis Petroleum Rises 2.47% on Heavy Volume: Watch For Potential Pullback
TMCnet - World's Largest Communications and Technology Community
New Coverage :  Asterisk  |  Call Recording  |  SIP Trunking  |  Fax Software  |  Load Balancer  |  PBX  |  SIP Phones  |  Small Cells
 
| More
TMCnews
[February 14, 2012]

Oasis Petroleum Rises 2.47% on Heavy Volume: Watch For Potential Pullback

Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) -- Oasis Petroleum (NYSE:OAS) traded in a range yesterday that spanned from a low of $30.29 to a high of $32.32. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $31.11 on volume of 3.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


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

Over the past year, Oasis Petroleum has traded in a range of $17.99 to $36.15 and is now at $31.58, 76% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.


Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

[ Back To TMCnet.com's Homepage ]


Featured White Papers
Top Stories
Related VoIP News

blog comments powered by Disqus


Upcoming Events

October 2- 5, 2012
The Austin Convention Center
Austin, Texas
October 3- 5, 2012
The Austin Convention Center
Austin, Texas
October 3- 5, 2012
The Austin Convention Center
Austin, Texas

DevCon5 provides you with the information and tools you need to exploit the capabilities of revolutionary HTML5 technology
View all >>

Subscribe FREE to all of TMC's monthly magazines. Click here now.