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Shares of Murphy Oil Corp Down on Above Average Volume, Moving Against Trend (MUR)

By Shiri Gupta

Shares of Murphy Oil Corp are trading today in above average volume, with the share price rising 13.3% to $36.00. About 1.4 million shares have been traded today, as compared to the 30-day average volume of 1.2 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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

Murphy Oil Corp share prices have moved between a 52-week high of $36.53 and a 52-week low of $24.39 and are now trading 48% above that low price at $36.00 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: unusual volume murphy oil corp

Ticker(s): MUR