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Murphy Oil (MUR) Trading Near $26.94 Support Level

Mar 20, 2017 ( via COMTEX) --

Murphy Oil (<a href="">MUR</a>) closed Mar 17, 2017 at $27.21 and technical indicators recently have been bearish. Those factors were considered when the patented option-trade picking algorithm that powers's Artificial Intelligence Center identified an attractive trading opportunity in Murphy Oil for today. For a conservative trade, look at a covered call using the Jul 21, 2017 $25 call for a $9.09 net debit. This trade has an assigned return of 5.33% but the downside protection increases to 12.83%. Standard & PooraEUR(TM)s has a 3 STARS (out of 5) hold ranking and a 12-month target price of $32 on Murphy Oil. Over the last 52 weeks the stock has traded between $23.04 and $37.48.A

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