Marathon Oil Corporation Stock Code MRO.NYS
Outlook
Price broke below the cloud in the previous trading session, changing the chart outlook to bearish. A gap down in price in the previous trading session enhanced the bearish outlook. Conversion line and base line had a bearish crossover and is hinting at a bearish price trend. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish price trend. MACD is above the zero line. If price can stay below the cloud, it could be heading towards the previous low at $19.71.
Strategy
$22.40 Sell
$19.75 Price Target
$24.60 Risk Management Stop
3 weeks Trade Duration
