Oasis Petroleum (OAS) preview for April 2, 2015

OAS shares marked their 7th consecutive upday in a row. The rebound from this year’s double bottom @ $12 has been quite dynamic so far, changing the trend into positive. There is a series of significant resistance levels to be broken @ $15, $16 and $17 before the new uptrend can be confirmed. I would sell the rallies to these levels.

OAS daily chart (5 months):

oas

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

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