nodiggity
Long

Time to buy MPC?

NYSE:MPC   MARATHON PETE CORP
This is a simple overlay of MPC             and OVX             . They share an inverse relationship with the most recent cross at the first session of 2016. Since then, OVX             has skyrocketed, and MPC             tanked eventually finding some support at $29. Previous support is near the high teens, but those are early historical lows.

Since the MPC             $29 support, there appears to be a technical base for MPC             to rise to $50, at the mid to lower end of analysts price targets for this stock .

There is more upside to being long MPC             than being short OVX             . What I'm saying is that OVX             need not cross with MPC             for the refiner's stock to rise. What I'm saying is MPC             is oversold, and OVX             is one reason to go long this stock .
Trade closed: target reached: Just re-visiting my first post on this stock. I hope you made money.
Closing out this post. Hope you made money.
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