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Marathon Petrole Crosses Above its 10-day MA (MPC)

By James Quinn

Marathon Petrole (NYSE:MPC) crossed over its 10-day moving average of $52.49 on a volume of 839K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Marathon Petrole share prices have moved between a 52-week high of $88.45 and a 52-week low of $50.19 and are now trading 6% above that low price at $53.19 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.6%.

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

Keywords: moving crosses marathon petrole

Ticker(s): MPC