Marathon Oil's most recent trend suggests a bullish bias. One trading opportunity on Marathon Oil is a Bull Put Spread using a strike $39.00 short put and a strike $34.00 long put offers a potential 6.38% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $39.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $34.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Marathon Oil is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Marathon Oil is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
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
Will This Ratings Downgrade Hurt Marathon Oil (MRO) Stock Today?
Fri, 13 Jun 2014 13:12:00 GMT
Marathon Oil downgraded to Market Perform from Outperform at Wells Fargo
Fri, 13 Jun 2014 10:48:40 GMT
Buyers running with Marathon Oil
Fri, 13 Jun 2014 09:47:26 GMT
Marathon Oil Stock Moves Up, Hits 52-week High
Thu, 12 Jun 2014 19:00:05 GMT
The Zacks Analyst Blog Highlights: Marathon Oil, Statoil ASA, Diamond Offshore Drilling, SeaDrill and TOTAL SA
Wed, 11 Jun 2014 12:43:41 GMT
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