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Oneok Inc Rises 2.16% on Heavy Volume: Watch For Potential Pullback

Comtex SmarTrend(R) - Wed Aug 5, 12:39PM CDT

Oneok Inc (NYSE:OKE) traded in a range yesterday that spanned from a low of $29.57 to a high of $30.33. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $29.43 on volume of 1.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Oneok Inc share prices have been bracketed by a low of $12.16 and a high of $78.48 and are now at $29.85, 145% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 1.4%.

SmarTrend is tracking the current trend status for Oneok Inc and will alert subscribers who have OKE in their portfolio or watchlist when shares have changed trend direction.

Write to SmarTrend at cs@mysmartrend.com

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