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Shares of MRO Down 28.0% Since Downtrend Call on Shares

By Amy Schwartz

SmarTrend identified a Downtrend for Marathon Oil (NYSE:MRO) on February 7th, 2017 at $16.09. In approximately 5 months, Marathon Oil has returned 27.97% as of today's recent price of $11.59.

In the past 52 weeks, Marathon Oil share prices have been bracketed by a low of $11.20 and a high of $19.28 and are now at $11.59, 3% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has advanced 4.0%.

Marathon Oil Corporation is an independent international energy company. The Company engaged in exploration and production, oil sands mining, and integrated gas. Marathon Oil serves customers globally.

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

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

Keywords: spotlights Marathon Oil

Ticker(s): MRO