MRO is currently displaying one of the strongest bull flag in the market today. It has been above the 50 day MA for a long time and never dipped below while everyone took profits on the QQQs today. Don't get tricked into the bear trap. Load up on MRO for the nice ride.
This thing has float of about 17M -- which means that if the total volume is around 300M, then every person is passing around (and touched) the same shares 17 times that day. At least, that's how I see it in my mind. This is not Marathon oil.
Hi traders, After an indecisive start of Friday's trading and one false breakout later, I managed to both enter and exit pretty nicely in MGM, making it probably the nices trade of the month. Ending up slightly down for the week though. Trades: 1) MRO - LONG @6.81, -0.70% 2) MGM - SHORT @19.09, +2% *In my ID trades, I risk 1% of the account per trade and go for...
after today's panic sale. there is a good chance for a big rebound tomorrow. need to hold the support around $6.30 Please note: just sharing my view. its not a recommendation for buying or selling.
Does anyone see the issue with this? Gap UP TWICE in less than a week.... in a very overbought state can only mean one thing.....right??
Listen! OIL MASS DEFLATION -$30 per barrel. OIL MASS SLOW PRODUCTION!. OIL DEMAND INCREASE! OIL MASS INFLATION+WAR+CHAOS CANT KEEP UP WITH DEMAND! ECONOMICS 101. Don't listen to the fake pros they know nothing! BLACK HORSE RIDES! LOW SUPPLIES EVERYWHERE FOOD SHORTAGES! LOCUSTS!
$MRO is an oil name that looks interesting with crude at $20 a barrel. $MRO is pretty strong financially and trades at just 0.21x book, 3.28x cash, and 1.13x FCF. There's also been a lot of insider buying recently. Insider Trading Relationship Date Transaction Cost #Shares Value ($) #Shares Total SEC Form 4 TILLMAN LEE M Chairman, President and CEO Mar...
MRO is forming an intermediate-term bottom formation that is slowly improving.
After a week completely off, I'm ready to collect some profit. Marathon Oil one of them. My TP was already hit and probably is going lower, but I'll keep an eye for a buyback around $14.76 or $11.78. My PV for this asset is currently at $24, while Wall Street consensus is about $26. However, at $21 would be my target. Learn how to beat the market as Professional...
Unless you've been living under a rock, you'll know that Tuesday is the U.S.'s mid-term elections. Polls will be open throughout the New York session and won't close until we're well into the Asian with polls closing on the East Coast first and then gradually progressing west through time zones. Actual results aren't likely to be known until at least 9 p.m. or...
NYSE:MRO MRO stopped right over 61.8% of fibonacci level. Is it gonna continue or not? It doesn't have that much of a range that make the investors interested but at this level! I'm interested now. Last 5 minutes today volume went up crazy while it was going down, 60K. Almost three times the regular volume for other 5 minutes candles. Does the last 5 minute...
MARATHON OIL CORP ($MRO) See chart for the many numbers of reasons this will be successful. Virtually no over head resistance. Weekly - Is a key indicator that this Asset will Make a Run! Weekly Chart in process of Elliot Wave 3
I think we test 61% retracement on FIB and wave 5 down
On November 07, 2017 MRO had a high wick reach $16.59 before closing down for the day. I believe this to be a good resistance line for now due to that same price range (give or take a few pennies) acting as Resistance in April 2017, March 2017, February 2017, November 2016, September 2016, August 2016, and September 2015; as well as acting as Support briefly in...