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Next Resistance Level for Murphy Oil Corp (MUR) is $25.94

By James Quinn

Shares of Murphy Oil Corp (NYSE:MUR) opened today above their pivot of $25.62 and have already reached the first level of resistance at $25.79. Should the shares continue to rise, the resistance pivots of $25.94 and $26.26 will be of interest.

Murphy Oil Corp share prices have moved between a 52-week high of $35.19 and the current low of $0.00 and are currently at $0.00 per share. The 200-day and 50-day moving averages have moved 0.31% lower and 5.25% higher over the past week, respectively.

There is potential upside of 0.0% for shares of Murphy Oil Corp based on a current price of $0.00 and an average consensus analyst price target of $33.80. The stock should run into initial resistance at its 200-day moving average (MA) of $25.95 and subsequent resistance at its 50-day MA of $26.45.

SmarTrend recommended that its subscribers protect gains by selling shares of Murphy Oil Corp on January 31st, 2018 by issuing a Downtrend alert when the shares were trading at $32.45. Since that call, shares of Murphy Oil Corp have fallen 20.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts murphy oil corp

Ticker(s): MUR