• Return to Headlines

Shares of Marathon Oil Has Fallen Below Previous 52-Week Low

By James Quinn

Marathon Oil (NYSE:MRO) traded today at a new 52-week low of $11.05. So far today approximately 1.4 million shares have been exchanged, as compared to an average 30-day volume of 26.2 million shares.

Marathon Oil Corporation is an independent international energy company. The Company engaged in exploration and production, oil sands mining, and integrated gas. Marathon Oil serves customers globally.

Over the past year, Marathon Oilhas traded in a range of $11.05 to $19.28 and are now at $11.10. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has advanced 4.0%.

Potential upside of 65.4% exists for Marathon Oil, based on a current level of $11.10 and analysts' average consensus price target of $18.36. The stock should find initial resistance at its 50-day moving average (MA) of $11.58 and further resistance at its 200-day MA of $14.19.

SmarTrend recommended that its subscribers protect gains by selling shares of Marathon Oil on February 7th, 2017 by issuing a Downtrend alert when the shares were trading at $16.09. Since that call, shares of Marathon Oil have fallen 30.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows Marathon Oil

Ticker(s): MRO