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Bearish Moving Average Cross by Marathon Oil (MRO)

By Amy Schwartz

Marathon Oil (NYSE:MRO) shares have crossed bearishly below their 10-day moving average of $15.46 on a volume of 504K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Marathon Oil share prices have moved between a 52-week high of $24.20 and a 52-week low of $12.57 and are now trading 22% above that low price at $15.32 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.5%.

SmarTrend is monitoring the recent change of momentum in Marathon Oil. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Marathon Oil in search of a potential trend change.

Keywords: moving crosses Marathon Oil

Ticker(s): MRO