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Marathon Oil Bearish Moving Average Crossover Alert (MRO)

By David Diaz

Marathon Oil (NYSE:MRO) shares have crossed bearishly below their 10-day moving average of $14.30 on a volume of 3.7 million shares. This may provide short-term investors a chance 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 $31.53 and a 52-week low of $6.52 and are now trading 116% above that low price at $14.07 per share. Over the past week, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has advanced 4.0%.

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

Keywords: moving crosses Marathon Oil

Ticker(s): MRO