Oasis Petroleum: Price Holding Above 2-Month Low

 | Mar 26, 2015 01:10AM ET

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.

Oasis Petroleum Inc (NYSE:OAS) daily chart (5 months):