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

By Shiri Gupta

Today, shares of Marathon Oil (NYSE:MRO) have crossed bullishly above their 10-day moving average of $11.53 on a volume of 944K 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.

Over the past year, Marathon Oil has traded in a range of $11.06 to $23.27 and is now at $11.68, 6% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.6%.

SmarTrend is monitoring the recent change of momentum in Marathon Oil. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Marathon Oil in search of a potential trend change.

Keywords: moving crosses Marathon Oil

Ticker(s): MRO