One of today's stocks on the move is Oasis Petroleum (NYSE:OAS), up 2.3% to $30.69. The S&P is trading higher by 1.1% to 1,446 and the Dow is trading 0.9% higher to 13,354.
Oasis Petroleum Inc., is an independant exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources.
In the past 52 weeks, Oasis Petroleum share prices have been bracketed by a low of $22.02 and a high of $35.45 and are now at $30.69, 39% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.4%.
Potential upside of 27.6% exists for Oasis Petroleum , based on a current level of $30.69 and analysts' average consensus price target of $39.17. The stock should find initial support at its 50-day moving average (MA) of $30.39 and further support at its 200-day MA of $28.89.