Marathon Oil's most recent trend suggests a bearish bias. One trading opportunity on Marathon Oil is a Bear Call Spread using a strike $25.50 short call and a strike $30.50 long call offers a potential 8.93% return on risk over the next 5 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $25.50 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock rose above the $30.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Marathon Oil is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Marathon Oil is bearish.
The RSI indicator is at 61.21 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Marathon Oil
Marathon Oil Corporation's (NYSE:MRO) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?
Tue, 05 Apr 2022 23:16:59 +0000
Most readers would already be aware that Marathon Oil's (NYSE:MRO) stock increased significantly by 46% over the past…
The Zacks Analyst Blog Highlights Occidental Petroleum, Halliburton, APA, Marathon Oil, and Baker Hughes
Tue, 05 Apr 2022 14:56:02 +0000
Occidental Petroleum, Halliburton, APA, Marathon Oil, and Baker Hughes are part of the Analyst Blog.
Marathon Oil (MRO) Stock Sinks As Market Gains: What You Should Know
Mon, 04 Apr 2022 21:50:09 +0000
Marathon Oil (MRO) closed at $25.68 in the latest trading session, marking a -0.27% move from the prior day.
Can You Still Get in Marathon Oil (MRO) for Further Gains?
Fri, 01 Apr 2022 10:58:10 +0000
Investors have rewarded Marathon Oil (MRO) for its excellent execution and return of capital to shareholders.
Top Stocks for April 2022
Fri, 01 Apr 2022 09:14:41 +0000
The Russell 1000 Index is a market-capitalization-weighted index of the 1,000 largest publicly traded companies in the U.S. It represents approximately 92% of the total market capitalization (market cap) of all listed stocks in the U.S. equity market. The company makes high value-added steel products, including its proprietary XG3 advanced high-strength steel.
Related Posts
Also on Market Tamer…
Follow Us on Facebook