Return to News Categories

Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Watch for Oasis Petroleum to Potentially Rebound After Falling 1.59% Yesterday

Mar 08, 2018 (SmarTrend(R) News Watch via COMTEX) --

Oasis Petroleum (NYSE:OAS) traded in a range yesterday that spanned from a low of $7.91 to a high of $8.16. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $8.15 on volume of 4.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Oasis Petroleum share prices have been bracketed by a low of $6.56 and a high of $17.08 and are now at $8.15, 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 4.3% while the 200-day MA has slid 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Oasis Petroleum on November 20th, 2017 by issuing a Downtrend alert when the shares were trading at $9.65. Since that call, shares of Oasis Petroleum have fallen 14.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to SmarTrend at


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

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

Copyright, Comtex News Network, Inc. 2018

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 63.25
Nat Gas 2.662
Corn 374 6/8
Cotton #2 81.13
Gold 1310.3
Copper 3.0545
Euro 1.23155
USD Index 89.830
SP500 E-mini 2724.00
DJIA E-mini 24682