GoNoGoCharts

MRO looking to break out

Long
NYSE:MRO   Marathon Oil Corporation
MRO looks to be breaking out of a GoNoGo Squeeze to the upside while in a “Go” trend. After a period of reduced volatility that caused the GoNoGo Oscillator to ride the zero line for some time, buyers appear to have returned driving momentum positive. If price can consolidate above $7.50 look for a new high to be made.

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