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M1PC34 trade ideas

Time to buy MPC? OVX might be a reason why. This is a simple overlay of MPC and INDEX:OVX . The chart is self-explanatory. I'm not saying these two will cross, but so long as they converge, it is a good sign to be long MPC. The stock itself is oversold. It has lost half it's market cap since early Dec. Since free-falling, it has found a nice bottom at $29. Buying MPC in the low $30s and holding until April could bring us closer to the $55-70 valuation. Selling at $50 is more in line at the lower end of analysts revised expectations. If INDEX:OVX stabilizes, and INDEX:SPX decides to capitulate, overlay MPC with the S&P, and you'll find that this stock has historically bucked the market. Disclosure: I am long MPC.
NYSE:MPCLong
by nodiggity
2
Marathon Petroleum Corp (NYSE:MPC) Sprinting Into Key ResistanceShares of oil refiner Marathon Petroleum Corp (NYSE:MPC) are racing higher today, as the stock is up over 6.0%. This is a very impressive move as the overall markets are seeing some severe selling pressure. The company reported earnings today that beat the street expectations, couple that with a sharp decline in Crude Oil, and you have the perfect elixir for a strong move up in the share price. However, Marathon Petroleum Corp (NYSE:MPC) is into a fair bit of resistance as seen on the chart below. A break through of this down sloping trendline and you could see a move right back up to the 52 weeks highs. For live market insight and alerts exactly when we enter and exit positions... Come step inside the Elite Round Table and enter profitable trades live with the proven Pro's. You can also join our FREE market moving email list to get free updates ONLY when important action is happening. Or get the live trades we enter right now here. We look forward to having you join us as we navigate the markets and make money! Parm Mann Elite Round Table Follow me on twitter: @ParmMannTrader Join the Elite Round Table on Facebook
NYSE:MPC
by Parm
Marathon Petroleum Corp MPC Daily - CCI +100 = BUY SIGNALMPC's last 3 signals show more upside potential than downside risk from the first time it gets overbought after a period of being strongly oversold. This "relief rally" or "Phoenix rising from the ashes" rally is an interesting setup. Emerging momentum is an interesting way to get on board and ride a rising tide. Clearly the best signal was back in October last year, but I like the odds here, especially as MPC has lagged the rally in the other oil stocks. Granted MPC is a refiner/marketer of gasoline, but the oil stocks tend to stick together and MPC has lagged. SIGNAL = CCI reached +100 after being under -100 = SIGNAL TO JUMP ON BOARD Tim MPC 90.05 last +0.44 6/23/2014 10:29AM EST
NYSE:MPCLong
by timwest
9