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Murphy Oil Bullish Moving Average Crossover Alert (MUR)

By Nick Russo

Today, shares of Murphy Oil (NYSE:MUR) have crossed bullishly above their 10-day moving average of $29.68 on a volume of 370K 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, shares of Murphy Oil have traded between a low of $14.30 and a high of $47.72 and are now at $30.59, which is 114% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 5.3%.

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

Keywords: moving crosses murphy oil

Ticker(s): MUR