• Return to Headlines

After Yesterday's Decline of 1.22%, Marathon Oil Offers Investors Better Value

By Shiri Gupta

Marathon Oil (NYSE:MRO) traded in a range yesterday that spanned from a low of $17.21 to a high of $17.90. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $17.96 on volume of 7.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Marathon Oil on October 11th, 2018 by issuing a Downtrend alert when the shares were trading at $20.54. Since that call, shares of Marathon Oil have fallen 12.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Marathon Oil share prices have been bracketed by a low of $14.27 and a high of $24.20 and are now at $17.78, 25% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%.

Keywords: rebounders Marathon Oil

Ticker(s): MRO