Change Of Character For MRO?

Marathon oil is engaged in oil and gas exploration and production business, the stock is a member of the SP500 and it has been one of the worst performing stocks in the index in the last 3 months. However, a possible character change might be taking place in the stock.  As you can see clearly from the chart below, the 20 day moving average has been a key moving average for this stock. The stock tends to trend above or below the 20 day for decent periods of time.  It had decent move higher above its 20 day from December 2011 until March 2012, then it had a smooth ride down below the 20 day moving average from mid March until just this past week, there lies the possible change of character.  In situation like this I like to nibble on the long side above the 20 day with a stop on close below the 20 day.


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