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Marathon Oil Bullish Moving Average Crossover Alert (MRO)

By Amy Schwartz

Today, shares of Marathon Oil (NYSE:MRO) have advanced above their 10-day MA of $13.06 on a volume of 5.7 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Marathon Oil share prices have been bracketed by a low of $6.52 and a high of $31.53 and are now at $13.43, 106% above that low price. The 200-day and 50-day moving averages have moved 1.52% lower and 3.97% higher over the past week, respectively.

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