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

By Shiri Gupta

Today, shares of Murphy Oil Corp (NYSE:MUR) have fallen below their 10-day MA of $31.23 on a volume of 223K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Murphy Oil Corp have traded between a low of $22.21 and a high of $35.16 and are now at $31.09, which is 40% above that low price. The 200-day and 50-day moving averages have moved 0.31% higher and 1.35% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Murphy Oil Corp on April 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.01. Since that recommendation, shares of Murphy Oil Corp have risen 17.1%. We continue to monitor MUR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses murphy oil corp

Ticker(s): MUR