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

By James Quinn

Murphy Oil (NYSE:MUR) crossed over its 10-day moving average of $31.00 on a volume of 329K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Murphy Oil has traded in a range of $14.30 to $47.72 and is now at $31.57, 121% above that low. The 200-day and 50-day moving averages have moved 0.31% lower and 5.25% higher over the past week, respectively.

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

Keywords: moving crosses murphy oil

Ticker(s): MUR