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

By Amy Schwartz

Shares of Marathon Petrole (NYSE:MPC) traded at a new 52-week low today of $44.12. So far today approximately 1.3 million shares have been exchanged, as compared to an average 30-day volume of 5.3 million shares.

Potential upside of 102.4% exists for Marathon Petrole, based on a current level of $44.12 and analysts' average consensus price target of $89.28. The stock should run into initial resistance at its 50-day moving average (MA) of $52.30 and subsequent resistance at its 200-day MA of $58.99.

Over the past year, Marathon Petrolehas traded in a range of $44.12 to $88.45 and are now at $44.12. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has remained constant.

Marathon Petroleum Corporation operates as an oil and gas exploration company. The Company acquires, explores, produces, and supplies petroleum products. Marathon Petroleum serves customers in the United States.

SmarTrend is monitoring the recent change of momentum in Marathon Petrole. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Marathon Petrole in search of a potential trend change.

Keywords: 52 week high/lows marathon petrole

Ticker(s): MPC