Marathon Oil (NYSE:MRO) was downgraded from Positive to Neutral at Susquehanna today. The stock closed yesterday at $34.98 on volume of 4.4 million shares, below average daily volume of 5.6 million.

In the past 52 weeks, shares of Marathon Oil have traded between a low of $23.17 and a high of $35.86 and closed yesterday at $34.98, which is 51% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.7%.

Marathon Oil Corporation, through its subsidiaries, is an integrated oil firm with operations worldwide. The Company explores for and produces and markets liquid hydrocarbons and natural gas on a worldwide basis. Marathon also mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada and refines, markets and transports crude oil and petroleum products.

Marathon Oil (NYSE:MRO) has potential upside of 14.4% based on a current price of $34.98 and analysts' consensus price target of $40.00. The stock should discover initial support at its 50-day moving average (MA) of $33.60 and subsequent support at its 200-day MA of $29.61.

SmarTrend is monitoring the recent change of momentum in Marathon Oil. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Marathon Oil in search of a potential trend change.