[February 14, 2012] After Yesterday's Rally of 1.35% Shares Could Potentially Pullback Tweet Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) -- Murphy Oil (NYSE:MUR) traded in a range yesterday that spanned from a low of $60.73 to a high of $61.93. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $61.57 on volume of 1.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. Murphy Oil share prices have moved between a 52-week high of $78.16 and a 52-week low of $40.41 and are now trading 53% above that low price at $61.75 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.4%. SmarTrend recommended that subscribers consider buying shares of Murphy Oil on December 23rd, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.32. Since that recommendation, shares of Murphy Oil have risen 8.2%. We continue to monitor MUR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]