Oasis Petroleum (OAS) preview for March 30, 2015

OAS shares found support around $12 this week to reclaim the $14 level on higher crude oil prices. The rebound can go further with a brakout above $14.60 and a new March high. The short-term trend is up as long as price stays above Thursday’s gap @ 13.60.

OAS daily chart (5 months):

oas

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

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