Dec. 1, 2016, 2:44 p.m. EST
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Harry Boxer is author of TheTechTrader.com, a real-time diary of his trading ideas and technical market analysis. He has more than 40 years of Wall Street investment and technical analysis experience, including eight years on Wall Street as chief technical analyst with three brokerage firms. Former chief technical analyst and columnist for AmericaInvest.com and winner of the 1995 & 1996 worldwide Internet stock-market trading contest, "The Technical Analysis Challenge," Harry is widely syndicated and a featured guest on many financial programs and sites.
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By Harry Boxer
Oasis Petroleum Inc. had a big day on Wednesday, up 3.25, or 28%, to 14.97, on 34 million shares traded. The stock has been climbing all year since its January bottom at 3.40. It held channel support in its dip in early August before resuming its up move. The long-term chart indicates this could very well make a run to around the 18.00 range and then the mid 20.00s intermediate term.
Check out Harry’s video analysis of this stock on the last page.
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