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Murphy Oil Corp Crosses Above its 10-day MA (MUR)

By Shiri Gupta

Murphy Oil Corp (NYSE:MUR) shares have crossed bullishly above their 10-day moving average of $19.68 on a volume of 875K 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 Corp have traded between a low of $17.04 and a high of $33.21 and are now at $20.58, which is 21% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.2%.

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