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Marathon Oil (MRO) Breaks Through Support at $10.75

Apr 08, 2021 (SmarTrend(R) News Watch via COMTEX) --

Marathon Oil (NYSE:MRO) has opened bearishly below the pivot of $10.97 today and has reached the first level of support at $10.75. Investors may be interested in a cross of the next downside pivot targets of $10.57 and $10.17.

In the past 52 weeks, Marathon Oil share prices have been bracketed by a low of $3.02 and a high of $14.07 and are now at $10.94, 262% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has risen 1.0%.

There is potential upside of 104.7% for shares of Marathon Oil based on a current price of $10.94 and an average consensus analyst price target of $22.39. Marathon Oil shares have support at the 50-day moving average (MA) of $10.29 and additional support at the 200-day MA of $6.79.

SmarTrend is tracking the current trend status for Marathon Oil and will alert subscribers who have MRO in their portfolio or watchlist when shares have changed trend direction.

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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