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Marathon Petrole Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Shares of Marathon Petrole (NYSE:MPC) traded at a new 52-week high today of $75.42. So far today approximately 545,000 shares have been exchanged, as compared to an average 30-day volume of 5.6 million shares.

Marathon Petrole share prices have moved between a 52-week high of $75.42 and a 52-week low of $32.84 and are now trading 129% above that low price at $75.29 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 1.0%.

There is potential upside of 9.4% for shares of Marathon Petrole based on a current price of $75.29 and an average consensus analyst price target of $82.37. The stock should find initial support at its 200-day moving average (MA) of $45.71 and further support at its 50-day MA of $37.66.

Marathon Petroleum Corporation operates as an oil and gas exploration company. The Company acquires, explores, produces, and supplies petroleum products. Marathon Petroleum serves customers in the United States.

SmarTrend recommended that subscribers consider buying shares of Marathon Petrole on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.85. Since that recommendation, shares of Marathon Petrole have risen 9.9%. We continue to monitor MPC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows marathon petrole

Ticker(s): MPC