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Marathon Oil Down 22.9% Since SmarTrend Downtrend Call (MRO)

Sep 11, 2019 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified a Downtrend for Marathon Oil (NYSE:MRO) on May 1st, 2019 at $16.83. In approximately 4 months, Marathon Oil has returned 22.90% as of today's recent price of $12.98.

Over the past year, Marathon Oil has traded in a range of $11.39 to $24.20 and is now at $12.98, 14% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1.1%.

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.

Write to SmarTrend at cs@mysmartrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com

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