- OAS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $68.2 million.
- OAS has traded 3.4 million shares today.
- OAS is trading at 6.81 times the normal volume for the stock at this time of day.
- OAS crossed below its 200-day simple moving average.
'Roof Leaker' stocks are worth watching because trading stocks that begin to experience a breakdown can lead to potentially massive losses. Once psychological and technical resistance barriers like the 200-day moving average are breached on higher than normal relative volume, the stock may then be subject to emotional selling from investors that can continue to drive the stock lower. Regardless of the impetus behind the price and volume action, when a stock moves with weakness and volume it can indicate the start of a new, potentially dangerous, trend. EXCLUSIVE OFFER: Get the inside scoop on opportunities in OAS with the Ticky from Trade-Ideas. See the FREE profile for OAS NOW at Trade-Ideas More details on OAS: Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. OAS has a PE ratio of 14.8. Currently there are 18 analysts that rate Oasis Petroleum a buy, no analysts rate it a sell, and 4 rate it a hold.