Apr 25, 2021 (Stock Traders Daily via COMTEX) -- This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Marathon Oil /zigman2/quotes/205031829/composite MRO +3.61% tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for MRO can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
The Technical Summary and Trading Plans for MRO help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this MRO Report.
The technical summary data tells us to buy MRO near 9.54 with an upside target of 11.83. This data also tells us to set a stop loss @ 9.51 to protect against excessive loss in case the stock begins to move against the trade. 9.54 is the first level of support below 10.67 , and by rule, any test of support is a buy signal. In this case, support 9.54 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of MRO as it gets near 11.83 with a downside target of 9.54. We should have a stop loss in place at 11.86though. 11.83 is the first level of resistance above 10.67, and by rule, any test of resistance is a short signal. In this case, if resistance 11.83 is being tested, a short signal would exist.
Is there a problem with this press release? Contact the source provider Comtex at email@example.com. You can also contact MarketWatch Customer Service via our Customer Center.