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Downtrend Call Working As Marathon Petrole Stock Falls 4.4% (MPC)

By Shiri Gupta

SmarTrend identified a Downtrend for Marathon Petrole (NYSE:MPC) on November 19th, 2019 at $62.81. In approximately 2 weeks, Marathon Petrole has returned 4.39% as of today's recent price of $60.05.

Over the past year, Marathon Petrole has traded in a range of $43.96 to $69.65 and is now at $60.05, 37% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

Marathon Petroleum Corporation operates as a crude oil refining company. The Company refines, supplies, markets, and transports petroleum products. Marathon Petroleum serves customers in the United States.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Marathon Petrole.

Log in and add Marathon Petrole (MPC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights marathon petrole

Ticker(s): MPC