Options Trading Alert: Marathon Oil Corporation (NYSE:MRO)

Marathon Oil Corporation Call contracts saw unusual trading volume where 4.9 Calls traded for each Put contract yielding a 0.20 Put/Call Ratio (PCR); 3,046 Put and 14,994 Call contracts traded during Wednesday’s session.

PCR’s are often used to measure investor sentiment, the ratio serves as a predictor of investor behavior.

A high PCR suggests that the investor sentiment is Bearish and that investors expect the underlying stock to decrease in value.

A low PCR suggests that the investor sentiment is Bullish and that the underlying stock is expected to increase in value.

Unusual volume provides reliable clues that the stock is expected to make a move up or down.

MRO is trading above the 20, 50 and 200-Day Moving Average.

Shares of Marathon Oil Corporation closed at 30.40, + 0.09 (+0.30%) in Wednesday’s trading session.

Volume: 11-M shares is more than the average 3 month daily volume of 6-M shares.

Marathon Oil Corporation is a global integrated energy company with significant operations in the North America, Africa and Europe.

Earnings Date: 5 November 2012

Analyst Recommendation: Buy

1 Yr Price Target Estimate: 38.40

Performance Metric

Week Month Quarter Half Year Year

+ 3.73% +11.85% + 22.91% -9.22% +23.26 %

Analysis Overall Short Intermediate Long
Bullish (0.30) Bullish (0.37) Bullish (0.49) Neutral (0.04)

Recent CandleStick Analysis Bearish
Date Candle
17 Sept 2012 Bearish Harami

Open Gaps
Direction Date Range
up 14 Sept 2012 29.89 to 29.99
up 7 Aug 2012 26.79 to 26.9

Support and Resistance
Type Value Conf.
resist. 32.23 2
supp 30.10 5
supp 29.34 4
supp 28.85 5
supp 27.89 6
supp 26.95 11
supp 26.01 3
supp 25.52 9
supp 24.07 4
supp 23.74 2
supp 23.32 2
Technical Indicators
Ind. Short Inter Long
EMA VBu VBu VBu
MACD VBe VBu N
RSI Bu
TDD Be
Fibs VBu VBu Bu
Highs Bu N Be
Lows VBu VBu VBe
Trends N Bu N
Stoch. VBu
VBu=Very Bullish, Bu=Bullish
N=Neutral
Be=Bearish, VBe=Very Bearish

 

Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

Copyright Live Trading News All rights reserved.