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Marathon Petrole Set to Possibly Rebound After Yesterday's Selloff of 1.79%

Dec 03, 2019 (SmarTrend(R) News Watch via COMTEX) --

Marathon Petrole (NYSE:MPC) traded in a range yesterday that spanned from a low of $59.24 to a high of $60.15. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $60.39 on volume of 1.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

In the past 52 weeks, shares of Marathon Petrole have traded between a low of $43.96 and a high of $69.65 and are now at $59.69, which is 36% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

Write to SmarTrend at cs@mysmartrend.com

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