iPath S&P GSCI Crude Oil Total Return Index ETN (NYSEARCA:OIL) Stock Crosses Above 200 Day Moving Average of $55.19

iPath S&P GSCI Crude Oil Total Return Index ETN (NYSEARCA:OIL) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $55.19 and traded as high as $11.13. iPath S&P GSCI Crude Oil Total Return Index ETN shares last traded at $11.00, with a volume of 3,600 shares.

The stock’s fifty day simple moving average is $40.38 and its 200-day simple moving average is $55.19.

iPath S&P GSCI Crude Oil Total Return Index ETN Company Profile (NYSEARCA:OIL)

iPath S&P GSCI Crude Oil Total Return Index ETN is a sub-index of the S&P GSCI Commodity Index. The S&P GSCI Crude Oil Total Return Index reflects the returns that are potentially available through an unleveraged investment in the West Texas Intermediate (WTI) crude oil futures contract plus the Treasury Bill rate of interest that could be earned on funds committed to the trading of the underlying contracts.

Further Reading: Technical Analysis

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