MRO tested 10dma and bouncedMRO tested 10dma and bounced off, breakout over 15.75 with a stop below close on 10dma. All the moving averages but 10dma are pointing up which is bullish for MRO. On a weekly it broke long term downtrend and price is currently consolidating. Longby showstopper0
MRO Marathon OilMR, getting near to a buy signal. A little further down then a touch of the 50sma will be the BUY signal. The RSI and %R are over sold. 61% retracement is extreme. Should be good to complete 3 drives to the top. Could run to $17.70 Longby bhowe0
"ON IT WAY UP THE HILL"BUYING DIPS INTO STRUCTURE PRICE IS SEARCHING FOR HIGHER BALANCE by SynergyCharts111
"AT THE FINISH LINEDESCRIPTION ON CHART CONFLUENT AREA...... PRICE ACTION ENTRY: BUY BREAK ABOVE THE HIGH OF THE LOW BAR... LOGICAL TARGET : 13-16 "TIME IS IN" by SynergyChartsUpdated 1
MRO -- COVERED CALL IDEAWith an implied volatility rank of 98 and an implied volatility of 79, MRO presents a good covered call opportunity here with a return on capital of greater than 10% if called away at the nearest short call strike (13). Here's the setup (which, as always, may require tweaking after NY open, since these off hours quotes have a tendency to have wide bid/asks): Buy 100 shares MRO at 12.59 Sell 1 Feb 19 13 short call Entire Package 11.20/contract ($1120) Max Profit: $180 (if called away at $13) Notes: A word of caution is in order here with this one. The universe of downtrodden oil and gas plays is quite large and is growing (for obvious reasons). finance.yahoo.com This company -- along with a bunch of others in the sector and, in particular, those exposed to oil/shale sands operations (this one is) -- may continue to trundle into the dirt. Moreover, earnings is right around the corner (on 2/17) and they, in all likelihood, are going to continue to disappoint. Their last profitable earnings quarter was for the period ending 8/20/14 and the only bright spot has been that, for the last couple of earnings, earnings did not disappoint as much as expected ... .Longby NaughtyPinesUpdated 111