OAS Makes Notable Cross Below Critical Moving Average

By EnergyStockChannel.com,

Shutterstock photo

In trading on Thursday, shares of Oasis Petroleum Inc. (Symbol: OAS) crossed below their 200 day moving average of $47.01, changing hands as low as $46.47 per share. Oasis Petroleum Inc. shares are currently trading off about 2.8% on the day. The chart below shows the one year performance of OAS shares, versus its 200 day moving average: Oasis Petroleum Inc. 200 Day Moving Average Chart

Looking at the chart above, OAS's low point in its 52 week range is $37.86 per share, with $58.09 as the 52 week high point - that compares with a last trade of $46.91.

According to the ETF Finder at ETF Channel, OAS makes up 1.45% of the First Trust Energy AlphaDEX Fund ETF (Symbol: FXN) which is trading lower by about 1.7% on the day Thursday.

Click here to find out which 9 other energy stocks recently crossed below their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Commodities
Referenced Stocks: OAS , FXN

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