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After Yesterday's Rally of 1.48% Shares Could Potentially Pullback

By Amy Schwartz

Marathon Petrole (NYSE:MPC) traded in a range yesterday that spanned from a low of $46.94 to a high of $48.82. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $48.10 on volume of 2.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Marathon Petrole share prices have moved between a 52-week high of $88.45 and a 52-week low of $45.47 and are now trading 7% above that low price at $48.66 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.3% while the 200-day MA has slid 1.3%.

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

Keywords: rebounders marathon petrole

Ticker(s): MPC