What Factors Are Likely to Steer Oasis Stock in 2017 PART 10 OF 14
Oasis Petroleum’s moving averages
Oasis Petroleum (OAS) stock has followed a downtrend for most of this year. Oasis has mostly traded below its 50-DMA (day moving average) this year. When it did cross over its 50-DMA, it was quick to fall back, crossing under its 50-DMA for a short time. On June 14, 2017, Oasis stock was trading ~25% below its 50-DMA.
Oasis Petroleum is also currently trading under its 200-DMA. On June 14, 2017, Oasis stock was trading ~31% below its 200-DMA. Its 50-DMA is trading below its 200-DMA, which can be seen as a bearish sign.
Year-over-year, Oasis’s stock has fallen ~15%. In comparison, Concho Resources (CXO), Cimarex Energy (XEC), and Hess (HES) have risen ~0.50%, 14.5%, and ~23.4%, respectively. Together, these companies make up ~8.4% of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).