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Upgrade Alert for Marathon Oil (MRO)
[November 09, 2012]

Upgrade Alert for Marathon Oil (MRO)

Nov 09, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Marathon Oil (NYSE:MRO) was upgraded from Neutral to Overweight at JP Morgan today. The stock closed yesterday at $29.86 on volume of 9.1 million shares, above average daily volume of 6.4 million. Marathon Oil Corporation, through its subsidiaries, is an integrated oil firm with operations worldwide. The Company explores for and produces and markets liquid hydrocarbons and natural gas on a worldwide basis. Marathon also mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada and refines, markets and transports crude oil and petroleum products.

Marathon Oil (NYSE:MRO) has potential upside of 22.7% based on a current price of $29.86 and analysts' consensus price target of $36.64. The stock should find initial support at its 50-day moving average (MA) of $29.51 and further support at its 200-day MA of $28.90.

In the past 52 weeks, shares of Marathon Oil have traded between a low of $23.17 and a high of $35.49 and closed yesterday at $29.86, which is 29% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Marathon Oil on July 17th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.72. Since that recommendation, shares of Marathon Oil have risen 16.1%. We continue to monitor MRO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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