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Murphy Oil Corp Bullish Moving Average Crossover Alert (MUR)

By Shiri Gupta

Murphy Oil Corp (NYSE:MUR) crossed over its 10-day moving average of $28.79 on a volume of 429K 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.

Murphy Oil Corp share prices have moved between a 52-week high of $36.53 and a 52-week low of $21.51 and are now trading 38% above that low price at $29.77 per share. The 200-day and 50-day moving averages have moved 0.35% lower and 0.35% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Murphy Oil Corp and will alert subscribers who have MUR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses murphy oil corp

Ticker(s): MUR