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Bearish Moving Average Cross by Marathon Petrole (MPC)

By Shiri Gupta

Today, shares of Marathon Petrole (NYSE:MPC) have fallen below their 10-day MA of $60.97 on a volume of 721K 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 Petrole share prices have moved between a 52-week high of $88.45 and a 52-week low of $54.29 and are now trading 12% above that low price at $60.72 per share. The 200-day and 50-day moving averages have moved 0.65% lower and 0.02% higher over the past week, respectively.

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

Keywords: moving crosses marathon petrole

Ticker(s): MPC