[May 25, 2012] Marathon Oil (MRO) Approaches New Upside Target of $25.23 Tweet May 25, 2012 (SmarTrend(R) News Watch via COMTEX) -- Marathon Oil (NYSE:MRO) has opened bullishly above the pivot of $24.70 today and has reached the first level of resistance at $25.06. Analysts will be watching for a cross of the next upside pivot targets of $25.23 and $25.76. Marathon Oil share prices have moved between a 52-week high of $35.49 and a 52-week low of $19.13 and are now trading 32% above that low price at $25.20 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.4% while the 200-day MA has remained constant. There is potential upside of 49.7% for shares of Marathon Oil based on a current price of $25.20 and an average consensus analyst price target of $37.71. The stock should run into initial resistance at its 200-day moving average (MA) of $28.41 and subsequent resistance at its 50-day MA of $29.19. SmarTrend recommended that its subscribers protect gains by selling shares of Marathon Oil on March 22nd, 2012 by issuing a Downtrend alert when the shares were trading at $32.48. Since that call, shares of Marathon Oil have fallen 23.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. 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 ]