Oasis Petroleum (OAS) technical preview for March 26, 2015

Doji day on Wednesday for OAS shares as they could not build on Tuesday’s gains. Price still holding above the 2-month low, but the 20-DMA and this month’s trading range resistance around $14-$14.50 will be hard to break. In case of a bearish continuation, $12.05 (January intraday low) is the obvious target.

OAS daily chart (5 months):

oas

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

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