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Marathon Oil Has the Stamina to Run Even Higher

Marathon Oil Has the Stamina to Run Even Higher

Marathon Oil looks like it is "off to the races" again as it has surged sharply higher in recent days. In this daily bar chart of MRO, below, we can see that the shares made a low in July and a higher low in September. Trading volume has been steady since July but the On-Balance-Volume (OBV) has quietly risen telling us that buyers of MRO are being more aggressive than sellers.