Oasis Petroleum (OAS) preview for March 31, 2015

OAS shares still quite volatile on an intraday basis, but still less volatile than recently. Price holding over $14 for 3 consecutive sessions after some time, which is positive. However, a breakout above $14.60 and a new March high will give an important bullish signal. The short-term trend is up as long as price stays above the low of the last 3 days, which is $13.60. Still bullish with a stop @ $13.60.

OAS daily chart (5 months):

oas

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

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