Marathon Petroleum Corporation

MPC NYSE

amr_youssef2

Stock above EXMA 200 and still in uptrend Stock is making higher low and tests the EXMA 13 and EXMA 34 So you can buy target 65.02 stop loss 53.62 Good luck

TradingNeophyte

MPC is forming the right shoulder of a Head & Shoulders trend reversal pattern. Company in its latest earnings call has $9B planned for stock buyback at opportunistic prices. The buyback should mitigate downward trend as indicated by bearish Head & Shoulders pattern. Price should breach the previous shoulder high of $60.02.

Steve666

Marathon (MPC) is flashing a short term and long term bearish harmonic patterns Specifically a Bearish Crab (short term) and Bearish Bat (long term), Ideally, we need a little longer extension for the crab say the $65.50 area. Crab patterns also can extend further than expected, I have also overlaid a USOIL plot. Directionally certainly a reasonable fit. I...

mvnicosia

I like Marathon Pete to $70. On May 14th (TODAY), they announced a deal to sell 3,900 speedways to 7-Eleven and a $10bil stock buyback. Even with the supposed Anti-Trust crackdown that came about mid-day, the large stock buy back in it of itself is a catalyst to drive this higher. If there are no anti-trust issues, I think we have another leg higher

billsim000111

above $61

claypuzzle

MPC call credit spread Sold 56, bought 56.50, 2 DTE, 19% ROI Larger decline removed demand Sideways in a channel, generally trending down, so with trend in a channel Most recent decline penetrated half way into last strong demand Not entirely ideal, because of the liquidity search spike up into 55.28 on the decline, but the spread is above 1 supply and into the...

vinen

Noticing a slight head and shoulders pattern forming with negative divergence no Marathon Petroleum. Also, some volume today in the April 16 $50 strike puts. Potential downside to $46.

amirbolivnad

mpc buy

asenski

Just following continuation of the move up and getting in on a pullback here.

stephanelibatd

Hey people, MARATHON PETROLEUM CORP is in a bullish momentum with a low purchase volume made and a hammer candle. On the TIMEFRAME M1 we see a hammer candle with a large volume of purchases exchanged at the end of the session, it is ready to breakout a stabilization zone for arrival in another. Great likelihood to move towards the last precedent above with a...

pcrunner

Anyone agree that this is a shooting star indicating a future drop in price? Clearly not an advisor. This is not advice. Let me know what you think!

Sahmlife_30

I purchased calls for MPC this past Friday.I will add more on Monday for a short swing. The Energy Information Administration reported Thursday that U.S. crude inventories rose by 2 million barrels for the week ended Sept. 4, on the heels of six consecutive weekly declines. That compared with an average forecast by analysts polled by S&P Global Platts for a fall...

maschera

Bearish Pennant formed out of a 2-month correction. Target price set at new potential 2-month Support bounce. If we break through this new support line, rather than bouncing at $33.47, there is a possibility to hit a 2-year downtrend support line at $23.71. - Historical Downtrend (1 year) - RSI and STOCH below 50 - MACD below Signal Suggested Entry...

maschera

Clear uptrend Support with a Bullish Pennant forming and price about to break-out. Target price set at a new potential resistance line. Once broken, it might have the potential for a greater run. - 5-month uptrend - RSI above 50 - STOCH approaching 50 - MACD above Signal Suggested Entry $39.35 Suggested Stop Loss $38.61 Target price $41.72 Note that I tend...

dread003111

Earnings tomorrow + very bullish news. 🔥 $MPC Marathon Petroleum announces agreement for $21B sale of Speedway (thefly.com) Marathon Petroleum announced that it and certain of its subsidiaries have entered into a definitive agreement with 7-Eleven, a wholly...

tickeron

This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 41 similar cases, and 33 were successful. Based on this data, the odds of success are 80%. MPC in +6.37% Uptrend, advancing for three consecutive days on July 15, 2020 As a Bullish sign, keep an eye on this company's ticker for future growth....

WholeAdvisors

Long!

LetsBeMillionaire

oil will exhaust soon and this will dip down. Will enter again in 32-33 range