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

By Shiri Gupta

Today, shares of Murphy Oil (NYSE:MUR) have fallen below their 10-day MA of $27.59 on a volume of 1.2 million 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 have traded between a low of $14.30 and a high of $47.72 and are now at $26.54, which is 86% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 5.3%.

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