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Marathon Oil Crosses Above its 10-day MA (MRO)

By Nick Russo

Marathon Oil (NYSE:MRO) shares have crossed bullishly above their 10-day moving average of $14.96 on a volume of 1.7 million shares. Swing traders may find 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 $10.55 and a high of $19.52 and are now at $15.06, 43% above that low price. 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 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 12.6%. 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