Oasis Petroleum (OAS) technical preview for March 25, 2015

Nice reaction from a new 2-month low on Tuesday for OAS shares, just retracing some of Monday’s losses, as crude oil price seems to find some support. Only a close above $14 would improve the technical picture. In case of a bearish continuation, $12.05 (January intraday low) and $10.64 (all-time low) are the obvious targets.

OAS daily chart (5 months):

oas

Chart courtesy of http://www.StockCharts.com

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