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After Yesterday's Rally of 1.44% Shares Could Potentially Pullback

By David Diaz

Marathon Oil (NYSE:MRO) traded in a range yesterday that spanned from a low of $13.31 to a high of $13.39. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $13.33 on volume of 3.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Marathon Oil share prices have been bracketed by a low of $11.06 and a high of $18.93 and are now at $13.36, 21% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.7%.

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

Keywords: rebounders Marathon Oil

Ticker(s): MRO