• Return to Headlines

Marathon Oil Bearish Moving Average Crossover Alert (MRO)

By Amy Schwartz

Today, shares of Marathon Oil (NYSE:MRO) have crossed bearishly below their 10-day moving average of $15.87 on a volume of 1.7 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.

In the past 52 weeks, shares of Marathon Oil have traded between a low of $10.55 and a high of $19.52 and are now at $15.69, which is 49% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has advanced 4.0%.

SmarTrend recommended that its subscribers protect gains by selling shares of Marathon Oil on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $16.99. Since that call, shares of Marathon Oil have fallen 5.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Marathon Oil

Ticker(s): MRO